Uma Devi is a resident of Jhansi and has a Kirana shop, where she sells grocery and other household items. This loan will enable Uma to expand her Kirana store. She hopes to renovate her store, where she can sell more goods. The additional income produced due to increase in stock will help her improve her living standards and enhance her financial security. With your support, she will be able to make real impact on her family, the community and her nation. Invest in Uma today!
Uma is a retailpreneur who works 8 hours a day for 7 days a week. With this loan Uma 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. Uma Devi 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
₹ 20,000
Loan
tenure
12 months
Moratorium
None
Repayment
mode
EMI
Investee
occupation
Retail 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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