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Arti

Devi

logoBeautypreneur

logo Rudraprayag, Uttarakhand

logo 364 livelihood days Number of days of productive livelihood activity that this loan will potentially facilitate

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

Arti

Devi

#progressive#striving
Support Arti upgrade the winter collection in her small clothing store

logoBeautypreneur

logo Rudraprayag, Uttarakhand

logo 364 potential days of livelihood Number of days of productive livelihood activity that this loan will potentially facilitate

50,000 loan is fully repaid

50,000 loan is fully repaid


Businesswoman Arti Devi has been running a beauty parlour for the last four years. She also runs a small clothing store in her beauty parlour to sell apparel wear. With winter soon approaching, Arti is seeking a loan to restock the store with winter clothing so she can make a good number of sales during the cold season. She hopes to increase her revenue during the season and set aside some savings to help expand her business. Her big dream is to eventually open a new and bigger shop so she make even bigger returns and better support her two children, Priyanshu and Priyanshi, who are enrolled in school. In addition, the income will help her support her husband Kuldeep, who works in the agricultural sector. Support Arti as she progresses for her family.

My dream is to open a new and bigger shop.

About Arti Devi's livelihood

Arti is a beautypreneur who works 8 hours a day for 7 days a week. With this loan Arti 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.

Investee
pays The rate of interest charged to the investee

10.00% flat p.a.

18.00% APR

Social
Investor The rate of return an investor makes

5.00%

9.00% APR

Impact
Partner The rate of return an impact partner makes

up to 5.00%

9.00% APR

Platform
charges The charges, the platform incurs by offering it's services

0.00%

0.00% APR

The following section provides a detailed view of the investee loan requirement.

Loan
amount

50,000

Loan
tenure

18 months

Moratorium

None

Repayment
mode

EMI Equated Monthly Instalment

Investee
occupation

Beauty parlour

The credit rating of the investee is arrived at by using a proprietary algorithm that factors in the investee’s credit score and the performance rating of the Impact Partner.

Ushamath Mahila Mahasangh

   
Uttarakhand
Partner since 2019

About

UMM is an apex federation of women SHGs established in 2005, registered under Uttrakhand self-reliant cooperative act 2003, to meet the financial service needs of the poor living in one of the most underserved areas of Uttrakhand. UMM's mandate has been to focus on solutions that provide direct socio economic improvement to the marginalized and low-income households. AT India and UMM work in a predominantly rural, hill-based economy. There are limited avenues to credit access and lack of sustainable livelihood sources in these regions.

Impact Narrative

The difficult terrain and extreme weather of Uttarakhand makes it an arduous task for the people of the state to access financial services. The partnership between Rang De and UMM works towards bridging this gap.

Rs 43,90,000

Disbursed

127

Investees

98.0%

Repayments

We have partnered with Rang De to ensure financial inclusion to the most excluded communities of Uttarakhand.

- UMM
whatsapp_icon

3

3000

3

Total: ₹3000

Your Investees

Total Lives Impacted

0

Days of Livelihood

0