Shiv has an amazing 6 years of experience in photography. His passion for cameras and photography has made him a master at his arts. Despite all his experience, Shiv still finds it necessary to invest in his profession and is therefore requesting a loan to further improve his studio. Shiv knows that he stands to gain a lot of business by having a professional camera and a better space to run his studio.
Shiv is a service entrepreneur who works 6 hours a day for 7 days a week. With this loan Shiv will potentially obtain employment for 273 days.
The interest rate charged is split into returns for the social investor, fees for the impact partner and platform charges. Shiv Singh Rajpoot 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
Professional services
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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