Nandkishor has been providing sound systems for the DJs in the locality for the last two years. With the ill effects of the pandemic, the work he gets has been very low. Now, with some bookings for DJ, he wishes to purchase a vehicle that is necessary for transporting his sound systems. A low-interest loan would enable him to meet his credit needs and invest in a vehicle now. Support Nandkishor as he looks forward to expanding his business.
Nandkishor is a service entrepreneur who works 8 hours a day for 6 days a week. With this loan Nandkishor 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. Nandkishor Sahu 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
Others
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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