Hemkunwar comes from an agrarian family. She took the responsibility of educating her children for which she worked hard during the last 10 years. She is requesting a loan to purchase agro-products so that the income from selling the products can be used to educate her children. Hemkunwar is a hard-working and sincere lady who has made great efforts to earn her livelihood. Invest in her and be a part of her journey.
Hemkunwar Devi is an agripreneur who works 8 hours a day for 7 days a week. With this loan Hemkunwar Devi 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. Hemkunwar Devi Kushwaha 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
₹ 30,000
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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