Kalpna Devi has always been very interested in beauty parlors, but with a lack of finance, she could not start her own. The loan will be used for starting the parlor and buying the necessary equipment for her business. She is confident that this will help her expand her client base in a few months' time. This will be a great opportunity for her to start her own business as well as to employ other beauticians. Invest in her venture and see her grow.
Kalpna Devi is a beautypreneur who works 6 hours a day for 6 days a week. With this loan Kalpna Devi will potentially obtain employment for 234 days.
The interest rate charged is split into returns for the social investor, fees for the impact partner and platform charges. Kalpna Devi Napit 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
₹ 20,000
Loan
tenure
12 months
Moratorium
None
Repayment
mode
EMI
Investee
occupation
Beauty parlour
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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