Meena lives with her family of five in Jhansi and she is successful in supporting her husband by contributing to the family income. She makes handcrafted ornaments and has been in this business for more than ten years. She has observed that increasing demand for ornaments has led to more competition and higher prices of raw materials. With a loan, Meena can buy the raw materials and expand her business. Invest in Meena's business and enable her to make a wider range of products.
Meena is a creative entrepreneur who works 10 hours a day for 7 days a week. With this loan Meena 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. Meena 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
Handicrafts
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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