Tarannum Khan is an enterprising woman who has been running her apparel store business for the past three years in Bahraich. She has been successful in her business and is looking to expand it further. With a dream of opening a big showroom in the future, she is looking for a loan now. She will use the loan to purchase readymade garments, clothes, and other things for her store. Invest in Tarannum Khan as she continues her success as an apparel store owner in Bahraich.
Tarannum is a retailpreneur who works 8 hours a day for 7 days a week. With this loan Tarannum 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. Tarannum 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
₹ 50,000
Loan
tenure
12 months
Moratorium
None
Repayment
mode
EMI
Investee
occupation
Apparel 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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