Santoshi Ahirwar started her own retail shop last year and contributes to her family's income significantly. She sells apparel, cosmetic items, and other household items. She currently needs a loan that will go towards purchasing furniture for her shop. This will support her in expanding her business and providing her family with a more comfortable life. Invest in Santoshi as she expands her retail shop and provides a better life for her family.
Santoshi is a retailpreneur who works 8 hours a day for 7 days a week. With this loan Santoshi 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. Santoshi Ahirwar has consented to pay the interest as below:
Investee
pays
8.00% flat p.a.
14.40% APR
Social
Investor
4.80%
8.64% APR
Platform
charges
3.20%
5.76% 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
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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