Meera is a hard working lady and her sole aim is to make a living and give her family a secure future. She is currently running in a general store. Being the entrepreneur that she is, Meera now wishes to start a footwear shop as she feels that this can give her a stable income and help her make a steady profit. With her loan, she wishes to set up the store, buy a variety of footwear to sell in her shop. Invest in Meera and support her new venture.
Meera is a retailpreneur who works 14 hours a day for 7 days a week. With this loan Meera will potentially obtain employment for 637 days.
The interest rate charged is split into returns for the social investor, fees for the impact partner and platform charges. Meera has consented to pay the interest as below:
Investee
pays
8.00% flat p.a.
14.40% APR
Social
Investor
4.80%
8.64% APR
Platform
charges
3.20%
5.76% APR
The following section provides a detailed view of the investee loan requirement.
Loan
amount
₹ 48,000
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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