Tulsa is a hard-working young lady who understands perseverance, and this is what sets her apart from many others. Tulsa resides in Tikamgarh, runs her own beauty parlour to support her family. She wants to expand her business. This loan will help her to purchase more cosmetic products so, she can provide better service to her customers, allowing her to build a sound future for her children.
Tulsa is a beautypreneur who works 8 hours a day for 7 days a week. With this loan Tulsa 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. Tulsa Kushwaha 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
Beauty parlour
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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