Preeti Davi Rajpoot has been running an apparel store for over six years to support her family of six. Now, to overcome the ill effects of the pandemic, Preeti wishes to expand her business by purchasing new cloth materials for her store. She needs a loan for the same and she will be able to enjoy a better income through this expansion. Invest in Preeti today!
Preeti is a retailpreneur who works 8 hours a day for 7 days a week. With this loan Preeti 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. Preeti Devi 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
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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