Kishori is a resident of Niwari and lives with a family of four. He owns a shop in the locality where he sells mobiles, accessories, and repairs electronic equipment. Kishor wants a loan to restock his store with new gadgets at competitive prices. This will attract more customers and additional repair works will add to his income. Kishori is positive about his earning a good income with his shop. invest in his venture as he strives to become successful.
Kishori is a service entrepreneur who works 8 hours a day for 6 days a week. With this loan Kishori will potentially obtain employment for 312 days.
The interest rate charged is split into returns for the social investor, fees for the impact partner and platform charges. Kishori Lal 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
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.
Share Kishori's profile
Invite your family and friends to view Kishori's profile on Rang De
