Santosh is a passionate man from Niwari, Madhya Pradesh, and lives with his family of four. Santosh's family is currently involved with the animal husbandry business; he keeps his buffaloes fed with fodder and provides good care. He will use the loan to buy a new buffalo that will be used to produce milk and create a steady income for the family. This enhanced income will be a great help for Santosh to meet the needs of his family on time. Support Santosh to enjoy a better life!
Santosh is an agripreneur who works 4 hours a day for 7 days a week. With this loan Santosh 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. Santosh 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
Impact
Partner
up to 3.20%
5.76% APR
Platform
charges
1.60%
2.88% APR
The following section provides a detailed view of the investee loan requirement.
Loan
amount
₹ 50,000
Loan
tenure
12 months
Moratorium
None
Repayment
mode
EMI
Investee
occupation
Animal husbandry
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.
Share Santosh's profile
Invite your family and friends to view Santosh's profile on Rang De
