Rinku Kumari has been running a small tailoring unit for over three years to support her family of four. She wishes to expand her business to enjoy a better income and a quality life. She needs a loan to purchase some raw materials and renovate her store. Support Rinku today to lead a financially stable life!
Rinku is a retailpreneur who works 6 hours a day for 7 days a week. With this loan Rinku will potentially obtain employment for 273 days.
The interest rate charged is split into returns for the social investor, fees for the impact partner and platform charges. Rinku Kumari 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
₹ 20,000
Loan
tenure
12 months
Moratorium
None
Repayment
mode
EMI
Investee
occupation
Apparel 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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