Phiroj brews sugarcane juice in a cart and sells it from house to house. He has been doing this for a year, but now wants to buy a sugarcane juice machine. The machine will make juice quickly. Also, he will be able to earn more money. A larger machine also means that he'll be able to cater to more customers quickly. This will add to his revenue. Invest In Phiroj as he strives to become sustainable.
Phiroj is a service entrepreneur who works 8 hours a day for 7 days a week. With this loan Phiroj 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. Phiroj Khan 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
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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