Dinesh Kumar Sen is an automobile mechanic who has been doing repair works for almost five years with the little savings he had. His wife and his sons help him to earn business. He works hard to provide remunerative repair works to villagers and also gives cycles for rent. His dream is to purchase a few cycles to his shop to make business better. This loan will help him increase the number of his cycles at the shop and make a better income. Invest in Dinesh Kumar now!
Dinesh Kumar is a service entrepreneur who works 8 hours a day for 7 days a week. With this loan Dinesh Kumar will potentially obtain employment for 364 days.
The interest rate charged is split into returns for the social investor, fees for the impact partner and platform charges. Dinesh Kumar Sen has consented to pay the interest as below:
Investee
pays
8.00% flat p.a.
14.40% APR
Social
Investor
3.20%
5.76% APR
Platform
charges
4.80%
8.64% APR
The following section provides a detailed view of the investee loan requirement.
Loan
amount
₹ 40,000
Loan
tenure
12 months
Moratorium
None
Repayment
mode
EMI
Investee
occupation
Repair works
Established in
1995
With Rang De from
2021
Founded by
Dr.Ashok Khosla
Indian Micro Enterprises Development Foundation (IMEDF) is a social enterprise promoted by Development Alternatives Group with a vision to promote inclusive growth and inspire environmental sustainability through development of micro - enterprises.
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