Ramlal is a resident of Jhansi and a hard-working man. Ramlal contributes to his family's income by running a successful retail store and looks to grow his business to become a larger contributor to his family's income. With the assistance of this loan, Ramlal will restock his store with a variety of goods. His additional inventory will improve his purchasing power and allow him to gain a competitive edge in the retail industry.
Ramlal is a retailpreneur who works 10 hours a day for 7 days a week. With this loan Ramlal will potentially obtain employment for 455 days.
The interest rate charged is split into returns for the social investor, fees for the impact partner and platform charges. Ramlal . 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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