Usha is a resident of Niwari and works in the field of farming and has been working on her farm for eight years now. This loan is going to be used to purchase fertilizers, quality seeds, and other inputs and tools so she can have a successful farming season. She hopes to cultivate her land successfully and get a good yield. Have your own share in supporting Usha's goal of achieving financial stability by extension of her business.
Usha is an agripreneur who works 8 hours a day for 7 days a week. With this loan Usha 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. Usha 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
₹ 20,000
Loan
tenure
12 months
Moratorium
None
Repayment
mode
EMI
Investee
occupation
Farming
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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