Hema is from Jhansi, which is located in the northern state of Uttar Pradesh. In her business, Hema has 8 years of experience and trades in general products, such as household essentials and electronics for domestic use and for resale. She needs a loan to restock her store with an inventory of new products. It is her hope that her business will continue expanding and she will be able to offer her customers even more. Invest in Hema in the journey towards sustainability.
Hema is a retailpreneur who works 10 hours a day for 7 days a week. With this loan Hema will potentially obtain employment for 455 days.
The interest rate charged is split into returns for the social investor, fees for the impact partner and platform charges. Hema Prajapati 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
Retail store
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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