Vidha is married and has a retail store in Tikamgarh. She sells groceries to people in the area. Her husband has also been helpful to her in managing the store. She has a very positive attitude towards her business and says that she is able to support her children's education and other expenses through the income generated. Vidha intends to upscale her business and needs a loan to restock items in her store. Invest in her venture and see her progress.
Vidha is a retailpreneur who works 8 hours a day for 7 days a week. With this loan Vidha 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. Vidha 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
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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