Kamlesh is a resident of Tikamgarh and has been in the business of repairing electrical items for thirteen years. He mainly repairs electrical items such as fans, lights, and bulbs. He also sells parts for electrical appliances. Kamlesh needs a loan to upscale his shop. This loan will help him purchase the necessary items and equipment required to repair electrical items. With the proper equipment, Kamlesh aims to expand his business and improve his financial status.
Kamlesh Kumar is a service entrepreneur who works 8 hours a day for 7 days a week. With this loan Kamlesh Kumar 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. Kamlesh Kumar Kori 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
₹ 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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