Kalabai is a hard-working lady who sells to the locals in her shop. When she started her business, her dream was to renovate her shop and have high profits. Nowadays, her business has grown, but the shop is still the same and she wants to change that. This loan will help her purchase new furniture and other accessories to decorate and renovate her shop.
Kalabai is a food entrepreneur who works 10 hours a day for 7 days a week. With this loan Kalabai 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. Kalabai Laxman Koli 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
₹ 10,000
Loan
tenure
12 months
Moratorium
None
Repayment
mode
EMI
Investee
occupation
Food stall
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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