Ravindra Ahirwar is a hard-working person from Jhansi, Madhya Pradesh. He has been running a tailoring shop for over six years and this is the main income source for his family of four. Now, he wishes to expand his business by purchasing essential items for his shop. He needs a loan to purchase new cloth materials, needles, threads, scissors, etc. With this, he will be able to deliver the finished products fast to his customers. Support Ravindra now!
Ravindra is a creative entrepreneur who works 9 hours a day for 7 days a week. With this loan Ravindra will potentially obtain employment for 409 days.
The interest rate charged is split into returns for the social investor, fees for the impact partner and platform charges. Ravindra Ahirwar 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
Embroidery
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.
Share Ravindra 's profile
Invite your family and friends to view Ravindra 's profile on Rang De
