Pravendra has a brick making business in Niwari, Madhya Pradesh and provides for his family of six. He has been in this industry for more than 5 years now. Through the years, he has picked up this art and has learnt how best he can increase his income in this business. To best use his experience, he wishes to employ labourers to fulfil the demand. Invest in Pravendra and see him pioneer jobs for his community and expand his business.
Pravendra is a service entrepreneur who works 8 hours a day for 7 days a week. With this loan Pravendra 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. Pravendra Kushwaha 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
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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