Ramkumari Prajapati is a resident of Kiwari, a hardworking lady, and a key member of her family. Ramkumari works in the retail business and her customer base is growing each day. She is still lacking the capital required to expand her business. Ramkumari has requested a loan to stock up her inventory, renovate her retail store, and expand her customer base. Help Ramkumari to invest in her by funding this loan request!
Ramkumari is a retailpreneur who works 8 hours a day for 7 days a week. With this loan Ramkumari 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. Ramkumari Prajapati 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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