Mahesh Kushwaha lives with his family of four in Tikamgarh, Madhya Pradesh. He has been running a food stall there for over six years. With the ill effects of the pandemic, Mahesh is struggling to bring his business back to life. He needs a small interest loan from Rang De to expand his food stall and work towards enhancing his income. Invest in Maheshas he aspires to lead a quality life!
Mahesh is a food entrepreneur who works 12 hours a day for 5 days a week. With this loan Mahesh will potentially obtain employment for 390 days.
The interest rate charged is split into returns for the social investor, fees for the impact partner and platform charges. Mahesh 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
₹ 30,000
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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