Rajkumari lives in Tikamgarh, a town that is known for its fertile soil and lush greenery. She has been farming for over five years now and she is an experienced farmer. She has supported her family with her sustainable and organic method of farming and it has yielded the best results. She wishes to purchase seeds, manure and other raw materials for this season. This loan will help her improve her farm effectively.
Rajkumari is an agripreneur who works 8 hours a day for 6 days a week. With this loan Rajkumari will potentially obtain employment for 312 days.
The interest rate charged is split into returns for the social investor, fees for the impact partner and platform charges. Rajkumari Raikwar 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
₹ 20,000
Loan
tenure
12 months
Moratorium
None
Repayment
mode
EMI
Investee
occupation
Farming
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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