Rekha started with a small retail store in Jhansi and has been working in this business for the past 12 years. Her strong belief in her business is what propelled her to contribute to her family's income. She's now in need of a loan to restock her store with latest stock as she wants her customers to be satisfied and happy with her merchandise. Your esteemed support in this small loan will go a large way in aiding her business's progression and other financial needs.
Rekha is a retailpreneur who works 8 hours a day for 7 days a week. With this loan Rekha 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. Rekha 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
₹ 40,000
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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