₹ 19,809.12 is
the current outstanding balance
34%
0%
0%
66%
Sanjay is a resident of Mirzapur, and nearly four years ago, he started a mobile store with a desire to make good money and improve the local state of his home, but this just wasn't enough. This loan will help him stock his mobile store with a supply of accessories like earphones, chargers, covers etc. The additional income produced by selling mobile phones will help him raise the living standard of his family, and make more money in the future.
Sanjay is a service entrepreneur who works 7 hours a day for 6 days a week. With this loan Sanjay 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. Sanjay Kumar 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
Professional services
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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