Kamlesh is a local resident of Lakhimpur. He lives with his family of three members who have a hard time making ends meet as he earns a small income by running a repair shop. He wants to expand his repair shop and is in need of a loan so that he can purchase more automobile parts and tools. He is looking to be able to purchase additional bike parts, motorcycle parts, and essential tools. Invest in Kamlesh and his efforts to expand his business.
Kamlesh is a service entrepreneur who works 10 hours a day for 7 days a week. With this loan Kamlesh 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. Kamlesh has consented to pay the interest as below:
Investee
pays
8.00% flat p.a.
14.40% APR
Social
Investor
4.80%
8.64% APR
Platform
charges
3.20%
5.76% 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
Repair works
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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