Radha hails from Jhansi district of Uttar Pradesh. She is a hard-working woman who runs her retail store in the main market of Jhansi. She is engaged in the retail business for 5 long years. She needs cash to purchase more merchandise from the wholesale market. This investment will help her reach out to larger number of customers and increase her income. Invest in Radha today!
Radha is a retailpreneur who works 7 hours a day for 7 days a week. With this loan Radha will potentially obtain employment for 318 days.
The interest rate charged is split into returns for the social investor, fees for the impact partner and platform charges. Radha 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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