Rajendra has been operating his retail store for the past 10 years. Although his income supports his family and enables him to meet his basic needs, there is a dream that he wants to achieve. Rajendra would like to build a home for his family. He wishes to restock his shop with daily-use household items to sell at the store. To accomplish this goal, he needs a loan of Rs 50,000. Invest in Rajendra as he restocks his store and builds a new home for his family.
Rajendra is a retailpreneur who works 12 hours a day for 7 days a week. With this loan Rajendra 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. Rajendra has consented to pay the interest as below:
Investee
pays
8.00% flat p.a.
14.40% APR
Social
Investor
4.80%
8.64% APR
Platform
charges
3.20%
5.76% 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
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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