Shailesh is a resident of Jhansi and has been working in the retail business for five years now. He is passionate about this business because he wants to earn a substantial income to support his family as well as for building his own business. With this loan, Shailesh will be able to purchase stock for his retail shop and thus, enhance his potential to increase the profits he generates. Invest in his venture and unlock his growth.
Shailesh is a retailpreneur who works 10 hours a day for 7 days a week. With this loan Shailesh 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. Shailesh Rai 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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