Meeta is a woman from Sant Ravi Das Nagar, Uttar Pradesh. She has been running a retail store there for over seven years to support her family of three. Currently, she is in need of some credit to expand her business and enhance her income. This loan will help her purchase new stocks and enable her to further expand her business. Support Meeta today!
Meeta is a retailpreneur who works 8 hours a day for 6 days a week. With this loan Meeta 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. Meeta Devi 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
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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