Varsha has been working in the tailoring field for the last two years. She is focusing on embroidery work. Currently, she works from her home and hardly gets any time to meet her clients. As such the business is not going well. Varsha is now looking to buy a sewing machine and expand her business. With this loan, she will be able to take more orders and deliver the products on time to the customers. This will also ensure that she makes more profit. Invest in Varsha now!
Varsha is a creative entrepreneur who works 5 hours a day for 6 days a week. With this loan Varsha will potentially obtain employment for 195 days.
The interest rate charged is split into returns for the social investor, fees for the impact partner and platform charges. Varsha Pal 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
Embroidery
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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