Mamta Ahirwar has been running an apparel store for over four years in Tikamgarh, Madhya Pradesh. With a family of five to look after, she wishes to expand her business to earn better. She needs a loan and it will be used to purchase some cloth materials and a new sewing machine. Invest in Mamta to enjoy a higher income!
Mamta is a retailpreneur who works 6 hours a day for 6 days a week. With this loan Mamta will potentially obtain employment for 234 days.
The interest rate charged is split into returns for the social investor, fees for the impact partner and platform charges. Mamta Ahirwar 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
Retail store
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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