Manoj is a resident of Tikamgarh, a hard-working man with great ambition. For the past eight years, he has been running an apparel store to support his family. With the help of this loan, he will purchase new clothes to stock in his apparel store. This will attract more customers and he will be able to make more income. When his business grows, he will be able to share his success with his family. Invest in Manoj's apparel store now!
Manoj Kumar is a retailpreneur who works 8 hours a day for 6 days a week. With this loan Manoj Kumar will potentially obtain employment for 312 days.
The interest rate charged is split into returns for the social investor, fees for the impact partner and platform charges. Manoj Kumar Kori 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
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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