Sitabai is a hard-working woman and does tailoring. She has been in this work for the past three years. Sitabai's loan will help her purchase fabrics, spools, and other necessary items. The tailoring work is her main source of income. With this loan, she intends to buy more raw materials enabling her to take up more work. Eventually adding to her income. Invest in her venture as she sets it up and enable her to become independent.
Sitabai is a retailpreneur who works 6 hours a day for 5 days a week. With this loan Sitabai will potentially obtain employment for 195 days.
The interest rate charged is split into returns for the social investor, fees for the impact partner and platform charges. Sitabai Arjun Gavit 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
₹ 30,000
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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