Rashmi has a hard-working approach to her business and that is what sets her apart from other people. Rashmi was born in Tikamgarh a district in Madhya Pradesh; she is known to be active in her business. She started her business by starting an agro store, which she stocked with her savings. She needs a loan of Rs.30,000 to restock her agro store. Her business will be able to make a pivotal turn with the help of this loan.
Rashmi is an agripreneur who works 8 hours a day for 7 days a week. With this loan Rashmi 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. Rashmi 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
Agro products
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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