₹ 33,332.13 is
the current outstanding balance
33%
0%
67%
Lalita runs a retail store in Jhajjar with her sister. The business has not been doing well, and needs some sizable help. Lalita believes that increasing the inventory of her shop will do the trick and help support her business. With a loan to purchase additional inventory, Lalita will stock her store with more cosmetic products, and will be in a much better position to support her business. Support Lalita in her bussiness!
Lalita is a beautypreneur who works 8 hours a day for 7 days a week. With this loan Lalita 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. Lalita 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
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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