Tasauar Ali is a handloom weaver and he started his enterprise from a very young age. He has been in this business for 15 years and earns a decent livelihood for himself and his family members. He has been constructing a house for his family as well. He will be using this loan for purchasing more raw materials for his weaving business and for paying off the labour and transportation costs. Support Tasauar Ali to develop his weaving business and build his house.
Tasauar is a creative entrepreneur who works 6 hours a day for 6 days a week. With this loan Tasauar will potentially obtain employment for 234 days.
The interest rate charged is split into returns for the social investor, fees for the impact partner and platform charges. Tasauar Ali 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
Handicrafts
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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