Mansingh is a resident of Tikamgarh and he works repairing automobiles. Apart from three years of experience in this field, Mansingh also has basic knowledge about the maintenance and repairing of automobiles. With this loan, he will purchase raw materials for his shop and he will be able to make a profit out of this business. Invest in Mansingh to help him build a more secure future for his family.
Mansingh is a service entrepreneur who works 8 hours a day for 7 days a week. With this loan Mansingh will potentially obtain employment for 364 days.
The interest rate charged is split into returns for the social investor, fees for the impact partner and platform charges. Mansingh Prajapati 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
₹ 50,000
Loan
tenure
12 months
Moratorium
None
Repayment
mode
EMI
Investee
occupation
Repair works
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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