₹ 2,414.09 is
the current outstanding balance
100%
0%
0%
Uma Devi is an enterprising woman who runs a small Kirana store next to her house. She is seeking a loan to stock up her store with a fresh stock of items. She has been doing the same business for the last year and is earning an income to support her family of five. Invest in Uma Devi's Kirana store as she expands her business, and lives her dream of owning a bigger house.
Uma Devi is a retailpreneur who works 10 hours a day for 7 days a week. With this loan Uma Devi will potentially obtain employment for 455 days.
The interest rate charged is split into returns for the social investor, fees for the impact partner and platform charges.
Investee
pays
8.00% flat p.a.
14.40% APR
Social
Investor
4.80%
8.64% APR
Impact
Partner
up to 3.20%
5.76% APR
Platform
charges
0.00%
-0.00% APR
The following section provides a detailed view of the investee loan requirement.
Loan
amount
₹ 30,000
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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