Janmesh is a resident of Niwari, Madhya Pradesh. He lives with his wife and child and has been running an animal husbandry business for over five years. Niwari is a town that serves as a home for many who depend on animal husbandry. With the help of the loan, Janmesh will be able to purchase a buffalo for his farm. This will help him enhance his income and lead a quality life with his family. Support him now!
Janmesh is an agripreneur who works 6 hours a day for 7 days a week. With this loan Janmesh will potentially obtain employment for 273 days.
The interest rate charged is split into returns for the social investor, fees for the impact partner and platform charges. Janmesh Pal 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
₹ 35,000
Loan
tenure
12 months
Moratorium
None
Repayment
mode
EMI
Investee
occupation
Animal husbandry
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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