Santosh is both educated and ambitious. He plans to expand this centre that serves as a common support point for his community. He is hoping to enhance his common service centre and provide multiple services through his shop. He wishes to use this credit to purchase the needed materials, furniture and decorative items for his store. This centre is very vital for the people of Niwari. It's their one-stop reference for their technical needs. Invest in Santosh and his people.
Santosh is a service entrepreneur who works 8 hours a day for 7 days a week. With this loan Santosh 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. Santosh Kumar Kushwaha 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
₹ 25,000
Loan
tenure
12 months
Moratorium
None
Repayment
mode
EMI
Investee
occupation
Others
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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