Roshani is a happy-go-lucky, cheerful lady who is highly respected within her hometown. She is from Sant Ravidas Nagar, Uttar Pradesh, and lives with her husband and children. She has mastered her craftsmanship of making doormats and has gained widespread recognition for her work. This loan will go towards purchasing essential raw materials for her handicrafts business. Invest in Roshani to support her move into a more stable line of work and improve her quality of life.
Roshani is a creative entrepreneur who works 8 hours a day for 7 days a week. With this loan Roshani 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. Roshani 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
Handicrafts
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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