Narendra Tiwari has been running his business for the last four years. He is a young entrepreneur from Jhansi, Uttar Pradesh and supports a family of three. With the help of the loan, he wishes to purchase a cupboard for his shop to store his goods and restock the raw materials. This will help him reach a larger number of customers and increase his income. Support Narendra today!
Narendra is a creative entrepreneur who works 8 hours a day for 7 days a week. With this loan Narendra 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. Narendra Tiwari 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
₹ 40,000
Loan
tenure
12 months
Moratorium
None
Repayment
mode
EMI
Investee
occupation
Handicrafts
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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