Suraj Kumar owns an electronics repair store. Although sales are good, he usually runs out of stock due to the high demand. With sales as brisk as they are, Suraj is looking to restock his shop. He's looking to raise a loan to purchase more phones, fans, and mobile and electric accessories. He'll sell these items at a reasonable price to customers who need them. Invest in Suraj as he recovers from the costs of purchasing stock and expands the stock of his electronics repair store.
Suraj is a service entrepreneur who works 13 hours a day for 7 days a week. With this loan Suraj will potentially obtain employment for 591 days.
The interest rate charged is split into returns for the social investor, fees for the impact partner and platform charges. Suraj Kumar 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
₹ 50,000
Loan
tenure
12 months
Moratorium
None
Repayment
mode
EMI
Investee
occupation
Repair works
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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