₹ 22,557.26 is
the current outstanding balance
55%
0%
0%
45%
Vinod is an entrepreneur who owns a poultry farm and wishes to make it a successful venture. To continue sustaining his income, he needs to purchase more chicken, fodder, and medicines for his poultry farm. His goal is to expand his business and remodel and renovate his far, with the assistance of a loan. He hopes for better profits with the expansion of his farm. Invest in Vinod Kumar and his business.
Vinod is an agripreneur who works 8 hours a day for 7 days a week. With this loan Vinod 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. Vinod Kumar 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
₹ 50,000
Loan
tenure
12 months
Moratorium
None
Repayment
mode
EMI
Investee
occupation
Animal husbandry
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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