Vinita Devi runs an apparel shop in Rajpura. She manages the shop and deals with the customers. Having seen the steady growth of her business, Vinita aspires to expand her business. Vinita is looking for a loan of Rs 25000 so that she can restock her shop with a variety of products. Currently, the shop is doing well and she hopes to run it even better. Invest in Vinita as she expands her apparel shop and become a part of her journey.
Vinita is a retailpreneur who works 10 hours a day for 7 days a week. With this loan Vinita 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. Vinita Devi has consented to pay the interest as below:
Investee
pays
8.00% flat p.a.
14.40% APR
Social
Investor
4.80%
8.64% APR
Platform
charges
3.20%
5.76% APR
The following section provides a detailed view of the investee loan requirement.
Loan
amount
₹ 25,000
Loan
tenure
12 months
Moratorium
None
Repayment
mode
EMI
Investee
occupation
Apparel 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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