₹ 13,697.48 is
the current outstanding balance
54%
0%
0%
46%
Sunil operates a food stall in Jhansi and has been in this business for the past year. He is very passionate to serve delicious food to his customers. The income that he gets from his stall is not enough for his family's needs. He's looking to expand his business further and with a loan, he will purchase the necessary raw materials required to make more variety of foods. Invest in Sunil as he dreams of developing his business and serving more customers.
Sunil is a food entrepreneur who works 8 hours a day for 7 days a week. With this loan Sunil 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. Sunil . has consented to pay the interest as below:
Investee
pays
8.00% flat p.a.
14.40% APR
Social
Investor
4.80%
8.64% APR
Platform
charges
3.20%
5.76% 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
Food stall
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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