Savitri Devi has been involved in repairing work for the past three years. She has been working hard and putting effort to grow her business gradually. Now, she is in need of some funds to expand her business by purchasing more raw materials. With a loan, she will purchase more raw materials like iron rods for welding purposes. This will make her more efficient and she will be able to provide quality repairing services to her customers. Invest in Savitri's repair shop today!
Savitri is a service entrepreneur who works 8 hours a day for 6 days a week. With this loan Savitri will potentially obtain employment for 312 days.
The interest rate charged is split into returns for the social investor, fees for the impact partner and platform charges. Savitri Devi 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
Repair works
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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