Pritm Devi is a hard-working woman who knows perseverance, and this is what sets her apart from many others. She lives with her family of 4 in the district of Bahraich. With a dream of providing for a better and secure future for her family, she is looking to open a new apparel store. She's looking to raise a loan to buy cloth and other garments for her business. Invest in Pritm as she opens a new apparel store and stock her inventory with women's and children's garments.
Pritm is a retailpreneur who works 12 hours a day for 7 days a week. With this loan Pritm will potentially obtain employment for 546 days.
The interest rate charged is split into returns for the social investor, fees for the impact partner and platform charges. Pritm 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
₹ 50,000
Loan
tenure
12 months
Moratorium
None
Repayment
mode
EMI
Investee
occupation
Apparel 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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