Vinod is a resident of Niwari and owns a hardware store. He works hard to sell goods in the community and support himself and his family. With your assistance, he can further invest in the business to grow his production and develop his network in the community. The loan will help him to increase his inventory. This in turn will give him an opportunity to earn more. Invest in Vinod's venture and enable him to fulfill all the needs of his family.
Vinod Kumar is a retailpreneur who works 8 hours a day for 7 days a week. With this loan Vinod 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. Vinod Kumar Ahirwar 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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