Rajesh Kewat is a hard-working young man who dreams of supporting his family with a better livelihood. Rajesh has built a flour mill unit at home. Although he earns a regular income, he wishes now to expand this home-based business by investing in wheat grinders and other pulverising equipment. He hopes to avail a loan from Rang De for the same. Have your share in Rajensh's scale-up plans.
Rajesh is a domestic worker who works 8 hours a day for 7 days a week. With this loan Rajesh 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. Rajesh Kewat 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
Domestic worker
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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