Nishu Devi is an enterprising woman who is the main source of financial support for her family. She lives in Bahraich with her husband and children. She has a small shop where she sells her merchandise of bindis, bangles, and other cosmetic items. With support from Rang De, she will be able to stock up her store with more accessories for the upcoming festive season. Invest in Nishu Devi as she gets new items in stock and improves her sales.
Nishu is a retailpreneur who works 12 hours a day for 7 days a week. With this loan Nishu will potentially obtain employment for 546 days.
The interest rate charged is split into returns for the social investor, fees for the impact partner and platform charges. Nishu Devi has consented to pay the interest as below:
Investee
pays
8.00% flat p.a.
14.40% APR
Social
Investor
4.80%
8.64% APR
Platform
charges
3.20%
5.76% 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
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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