Vishal Paswan is an entrepreneurial man from the district of Bahraich. Vishal started a professional services company about two years ago and was able to earn sufficient profit owing to his hard work and determination to succeed. He now wishes to expand his electronic store, by investing in raw materials such as wires, switches, bulbs and fan blades. This will increase his household income and assist him in providing better opportunities for his family.
Vishal is a service entrepreneur who works 7 hours a day for 7 days a week. With this loan Vishal will potentially obtain employment for 318 days.
The interest rate charged is split into returns for the social investor, fees for the impact partner and platform charges. Vishal Paswan 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
₹ 40,000
Loan
tenure
12 months
Moratorium
None
Repayment
mode
EMI
Investee
occupation
Professional services
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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