Manoj is a hard-working man who engages himself in various occupations to support his family's livelihood. Currently, his business of selling footwear is giving him handsome returns generating him some profit every month. This loan will help him purchase more stocks of footwear to expand his business, generate better income and support him in providing a better future for his children. Join hands with Manoj to improve his business opportunities by contributing to his loan.
Manoj Kumar is a service entrepreneur who works 10 hours a day for 7 days a week. With this loan Manoj Kumar will potentially obtain employment for 455 days.
The interest rate charged is split into returns for the social investor, fees for the impact partner and platform charges. Manoj Kumar 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
Impact
Partner
up to 3.20%
5.76% APR
Platform
charges
1.60%
2.88% APR
The following section provides a detailed view of the investee loan requirement.
Loan
amount
₹ 50,000
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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