Manoj Kumar is a man who is highly motivated in life. He lives with his family in Mirzapur in Uttar Pradesh and he is yet to establish himself as a strong businessman. With the support of a loan, Manoj plans to open a book store in his hometown and provide his customers with all the books, photocopies, and stationery that they need. He intends to serve all the students of his area with books at affordable prices. Support Manoj as he dreams of becoming a successful businessman.
Manoj is a service entrepreneur who works 6 hours a day for 6 days a week. With this loan Manoj 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. Manoj Kumar 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
Others
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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