Poonam is a young and vivacious woman who is determined to experience a secure future with her family. She's worked hard to provide her family with a better lifestyle. Currently, Poonam working as a banking correspondence. Now she is looking for a loan of 50K to open a store to sell cosmetic products and artificial jewelry. The funds she's raising will help her to invest in her shop and fund her inventory, in order to be able to grow her business. Support poonam today!
Poonam is a service entrepreneur who works 8 hours a day for 7 days a week. With this loan Poonam 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. Poonam 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
18 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.
Share Poonam's profile
Invite your family and friends to view Poonam's profile on Rang De
