Mahendra has a good reputation in the locality as he is known for providing quality food to his customers. Over the past two years, he has built a faithful customer base and he uses the earnings to support his wife and two children. Now Mahendra is interested in setting up a shop of his own so that he can expand his business. You can help him acquire the necessary supplies to set up shop and continue to support his family with his honest labor.
Mahendra is a food entrepreneur who works 8 hours a day for 7 days a week. With this loan Mahendra 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. Mahendra Kushwaha 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
₹ 40,000
Loan
tenure
12 months
Moratorium
None
Repayment
mode
EMI
Investee
occupation
Food stall
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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