Kirna is a small businesswoman who owns a utensils store. She supplies all types of kitchen utensils to her customers. The market is increasing and there is a big demand for utensils in the locality. If there is a steady stream of supplies, she can earn more profit. Sighting this demand, she is applying for a loan to stock her store. Invest in her venture and enable her to be self-reliant.
Kiran is a service entrepreneur who works 8 hours a day for 7 days a week. With this loan Kiran 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. Kiran Jain 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
Impact
Partner
up to 3.20%
5.76% APR
Platform
charges
1.60%
2.88% 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
Others
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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