₹ 1,760.89 is
the current outstanding balance
96%
0%
0%
4%
Shafik Ahamad owns an animal husbandry unit. He has been working in this field for the past four years. He is now looking to expand his business of animal husbandry by buying livestock. He is looking to raise a loan to buy goats and quality animal fodder from the market. With a dream of providing a better and more secure future for his family, he is looking to expand his business of animal husbandry units further. Invest in Shafiq and enable him to prosper.
Shafik is an agripreneur who works 10 hours a day for 7 days a week. With this loan Shafik will potentially obtain employment for 455 days.
The interest rate charged is split into returns for the social investor, fees for the impact partner and platform charges. Shafik Ahamad 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
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.
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