Sabita Mohanta is an ambitious entrepreneur from Mayurbhanj, Odisha. She is a hardworking woman who has started her own retail store, which provides her a stable monthly income and supports her family of five. She needs a loan to purchase more materials and restock her store. This will grow her business and cater to the basic needs of her village. She hopes that the income from this business will help her build a better future for her children. Support Sabita today.
Sabita is a retailpreneur who works 4 hours a day for 7 days a week. With this loan Sabita will potentially obtain employment for 182 days.
The interest rate charged is split into returns for the social investor, fees for the impact partner and platform charges. Sabita Mohanta 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
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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