Pramod Kumar is the owner of a small food stall that operates on a roadside in Jhansi. He is involved in the business of selling local delicacies to travelers and locals alike. He has been running his food stall for the past five years and is looking to expand his business further by serving more food items. He needs a loan to purchase the essential raw materials required. Invest in Pramod as he is able to reach a larger population in need of his food items.
Pramod is a food entrepreneur who works 14 hours a day for 7 days a week. With this loan Pramod will potentially obtain employment for 637 days.
The interest rate charged is split into returns for the social investor, fees for the impact partner and platform charges. Pramod Kumar 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
₹ 50,000
Loan
tenure
12 months
Moratorium
None
Repayment
mode
EMI
Investee
occupation
Food stall
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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