Sudha is a hard-working entrepreneur who has been in retail business for a long time. She is determined to keep moving forward and support her family, who is dependent upon her income. Sudha needs to restock her retail store so that she can create new goods. With the assistance of this loan, Sudha will be able to buy new goods which will be sold in her retail store.
Sudha is a retailpreneur who works 8 hours a day for 7 days a week. With this loan Sudha 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. Sudha Devi 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
Impact
Partner
up to 3.20%
5.76% APR
Platform
charges
1.60%
2.88% APR
The following section provides a detailed view of the investee loan requirement.
Loan
amount
₹ 20,000
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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