Satendra Kumar Prajapati is a young, successful entrepreneur. He owns an agro-products store - a shop for all the farmers nearby. He sells all the necessary inputs and tools to the farmers. He is looking to expand his business but is in need of support to accomplish his goals. With the new farming season around the corner, he wishes to purchase seeds, fertilizers, and insecticides. Support Satendra Kumar as he attempts to grow his business further and supports his family.
Satendra is a retailpreneur who works 12 hours a day for 7 days a week. With this loan Satendra will potentially obtain employment for 546 days.
The interest rate charged is split into returns for the social investor, fees for the impact partner and platform charges. Satendra Kumar Prajapati 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
₹ 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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