Shivam is dedicated to running his apparel store and has been doing so for the last five years. He is from Tikamgarh and lives with a family of six. His store promises different varieties of materials and fashion accessories. He needs to replace his stocks with the latest fashion trends. This loan will help him procure new stocks of clothes and cater to his customers. Invest in Shivam's apparel store and be a part of his journey.
Shivam is a retailpreneur who works 8 hours a day for 7 days a week. With this loan Shivam will potentially obtain employment for 364 days.
The interest rate charged is split into returns for the social investor, fees for the impact partner and platform charges. Shivam Gupta 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
Apparel 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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