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false 0 0 FrkHiilEog

Ahovi Huka

Sumi

logoFood Entrepreneur

logo Kohima, Nagaland

logo 30,000 has been disbursed

logo 351 livelihood days i

b-img b-img b-img b-img b-img

Ahovi Huka

Sumi

#hardworking#dedicated#committed and ambitious
Ahovi needs credit to expand his fruit stall.

logoFood Entrepreneur

logo Kohima, Nagaland

logo 30,000 has been disbursed

logo 351 potential days of livelihood i

12,499.35 is
the current outstanding balance

100 0 0 17501 0 0

100%

0%

0%


Ahovi Huka Sumi owns and manages a fruit shop. He lives in Kohima with his parents and his two brother. He has been running his business for the last three years and it has grown steadily as a result of a growing local population and availability of credit. This loan will be used to restock his store and pay for the maintenance costs. The additional income produced by selling fruits will also benefit him greatly, allowing him to build a sound future for his family.

My dream is to expand and grow in my business to other parts of Nagaland.

About Ahovi Huka Sumi's livelihood

Ahovi Huka is a food entrepreneur who works 9 hours a day for 6 days a week. With this loan Ahovi Huka will potentially obtain employment for 351 days.

The interest rate charged is split into returns for the social investor, fees for the impact partner and platform charges.

Investee
pays i

10.00% flat p.a.

18.00% APR

Social
Investor i

4.00%

7.20% APR

Impact
Partner i

up to 4.00%

7.20% APR

Platform
charges i

2.00%

3.60% 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 i

Investee
occupation

Food store

i :

B

Rang De Credit Rating A B C
What it means Low Risk Medium Risk High Risk

The rating is derived from the following data points.

Credit bureau score i

No credit history available

 

Rang De confidence score

 i


B

Partner Rating i

B

Loan Profile i

A

Financial Profile i

A

Entrepreneurs Associates

   view website
Nagaland
Partner since 2019

About

Entrepreneurs Associates (EA) was founded in 2001 to transform the landscape of despair and broken economy of Nagaland and foster the spirit of self-reliance & responsible leadership in the psyche of Nagas. They believe in the potential of inclusive and responsible entrepreneurship where entrepreneurship is accessible to all. For over 18 years, EA has been closely working in the field of entrepreneurship to promote local youth to take up entrepreneurship to bridge the widening vacuum of local enterprises all over the state. EA advocates the Naga youth to look beyond government jobs and seek out ways to contribute towards building the economy of the state. EA works with potential Naga entrepreneurs who have been denied credit from other sources. They train, mentor and finance these first generation entrepreneurs and help them set up successful businesses.

Impact Narrative

Rang De's partnership with EA works to a culture of entrepreneurship by making credit accessible to Naga entrepreneurs.

Rs 1,72,22,800

Disbursed

198

Investees

100.0%

Repayments

Access to finance has always been a challenge in Nagaland. Through Rang De, we can now provide low cost credit to our community with ease.

- Chubazen lkr, Assistant Program Manager, EA
whatsapp_icon

3

3000

3

Total: ₹3000

Your Investees

Total Lives Impacted

0

Days of Livelihood

0