Vikash Kumar Lodhi, a young and budding man, has just set up a retail store to earn his livelihood. Realizing the value of his venture, he wishes to stock up his store and set up a counter. But with the ill effects of the pandemic, he lacks enough funds to do so. In the future, he wishes to renovate the store and sell a wide range of products in his store. Invest in Vikash as he adds more products to his retail store and runs his business successfully!
Vikash Kumar is a retailpreneur who works 8 hours a day for 7 days a week. With this loan Vikash Kumar 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. Vikash Kumar Lodhi 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
₹ 10,000
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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