Vishnu lives with his family of four in Jhansi, Uttar Pradesh. He has been running an apparel store for over six years and this is the major source of income for his family. But the pandemic made it hard for him to run his business and his business was almost stopped. Now, he slowly started having customers back and earning little. He wishes to stock up his store by purchasing more new varieties of clothes to deliver to the customers. Support Vishnu financially now!
Vishnu is a retailpreneur who works 8 hours a day for 7 days a week. With this loan Vishnu 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. Vishnu 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
₹ 30,000
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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