Sumitra is a hardworking woman, who supports her family by running a general store. She started this business three years ago by making a small investment on her own. Since then, she has been working hard for a decent income for herself and her family. She is now looking for a loan so she can increase the variety of the products she carries at the shop and make a better profit. With the income from the loan, Sumitra will be able to provide better for her family.
Sumitra is a retailpreneur who works 8 hours a day for 6 days a week. With this loan Sumitra will potentially obtain employment for 312 days.
The interest rate charged is split into returns for the social investor, fees for the impact partner and platform charges. Sumitra Kushwaha 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
₹ 25,000
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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