Monu is a young entrepreneur who hopes one day to own a large store. He currently runs a retail store in his town of Jhansi. Monu has been running a kirana store for the last three years. He is looking to expand his business by restocking his store, growing his business and reaching out to more customers. This increase in stocks will help him to grow and make more profit. Support Monu in his endeavour today!
Monu is a retailpreneur who works 8 hours a day for 7 days a week. With this loan Monu 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. Monu 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
₹ 20,000
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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