Mukesh is a resident of Jhansi who also runs an apparel shop there. He wants to grow his business by purchasing more stock and add more variety to his shop, but he doesn't have the capital to do so. With this loan, Mukesh will be able to purchase additional stock, and grow his business into other divisions and improve his income even further. Invest in Mukesh and contribute to the growth of his apparel business.
Mukesh is a retailpreneur who works 8 hours a day for 7 days a week. With this loan Mukesh 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. Mukesh 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
₹ 25,000
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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