Nilai Hikaka is a resident of Rayagada, a city situated in the state of Odisha. She has been in the animal husbandry business for the past four years and is earning profits every month. She is hoping to expand her business by investing in new cattle and a good amount of fodder for her animals. She needs to buy fodder and supplementary feed which will help her in her business. Invest in Nilai to expand her business and earn better!
Nilai is an agripreneur who works 7 hours a day for 7 days a week. With this loan Nilai will potentially obtain employment for 318 days.
The interest rate charged is split into returns for the social investor, fees for the impact partner and platform charges. Nilai Hikaka 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
₹ 30,000
Loan
tenure
12 months
Moratorium
None
Repayment
mode
EMI
Investee
occupation
Animal husbandry
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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