Premvati is a resident of Niwari, a village in Madhya Pradesh. She lives with her husband and her children. Premvati has been running and animal husbandry business for the last three years. She spends her time nurturing her cattle and selling milk in her community. With the help of this loan, she will be able to buy more fodder and add new animals to her existing business. She will also be able to increase her income and provide better for her family.
Premvati is an agripreneur who works 6 hours a day for 7 days a week. With this loan Premvati will potentially obtain employment for 273 days.
The interest rate charged is split into returns for the social investor, fees for the impact partner and platform charges. Premvati 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
Animal husbandry
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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