Gautam is a hard-working and self-made man whose strong determination and perseverance have contributed to his success. He resides in Uttar Pradesh, where he employs members from his village and manages his construction firm. He is requesting this loan to purchase construction materials and labor so he can complete a new project before the season ends. He has completed many projects in the area, and he is well-known among residents. This loan will be directly used for his business.
Gautam is a service entrepreneur who works 8 hours a day for 7 days a week. With this loan Gautam 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. Gautam - 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
₹ 50,000
Loan
tenure
12 months
Moratorium
None
Repayment
mode
EMI
Investee
occupation
Construction
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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