Sunita needs credit to expand her shop. Sunita is a hardworking lady who used to work as a domestic worker but decided to start her own shop after two years to improve her income. She has enough determination to expand her shop and support her family. But she lacks enough funds and she is requesting a loan to meet her credit needs. This assistance will enable her to expand her business and earn a better income. Support Sunita financially!
Sunita is a service entrepreneur who works 6 hours a day for 7 days a week. With this loan Sunita will potentially obtain employment for 273 days.
The interest rate charged is split into returns for the social investor, fees for the impact partner and platform charges. Sunita Palibal 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
₹ 25,000
Loan
tenure
12 months
Moratorium
None
Repayment
mode
EMI
Investee
occupation
Others
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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