Govindas is a hard-working man, who has a small shop for the supply of agro products in his village. He supplies products like urea, seeds, pesticides, etc. to his customers and is a successful businessman. He has a strong desire to construct a new agro store and cater to more customers. He is eligible for Rs. 15000 loan that will help him fulfill his dream. The store is a great addition and will cater to more customers. Support him to run his business smoothly!
Govindas Kori is an agripreneur who works 8 hours a day for 6 days a week. With this loan Govindas Kori will potentially obtain employment for 312 days.
The interest rate charged is split into returns for the social investor, fees for the impact partner and platform charges. Govindas Kori Arya 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
Agro products
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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