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#RootforRangDe

Rang De is India’s first social lending platform where you can invest in people from low income households and earn nominal - moderate returns.

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Ashok Singh

#persistent# unrelenting
Invest in Ashok’s milk distribution business

Agripreneur

Rudraprayag, Uttarakhand

35,000 has been disbursed

273 potential days of livelihood i

15,556.7 is the current outstanding balance

99.99 0 0.01 19443 1 0

100%

0%

0%


About Ashok Singh

Ashok Singh's unflagging enthusiasm makes him truly one of a kind. His determination captivates the hearts of anyone who meets him. With the drive to support his small family, Ashok has chosen to borrow a loan. The loan will be utilized for the purchase of a buffalo which will be a valued asset to his farm. It will help him save up to buy a van and kick off a milk distribution business in the near future. With two young sons still enrolled in school and a wife who also works in the agricultural sector to support, Ashok is taking an important step towards a successful future.

My dream is to run my own independent milk business.

About Ashok Singh 's livelihood

Ashok is an agripreneur who works 6 hours a day for 7 days a week. With this loan Ashok will potentially obtain employment for 273 days.

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

Investee
pays i

10.0% flat p.a.

18.0% APR

Social
Investor i

5.0%

9.0% APR

Impact
Partner i

up to 5.0%

9.0% APR

Platform
charges i

0.0%

0.0% APR

Loan Details

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

Loan
amount

35,000

Loan
tenure

18 months

Moratorium

None

Repayment
mode

EMI i

Investee
occupation

Animal husbandry

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

B

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

Co-curated and referred by our Impact Partner

Ushamath Mahila Mahasangh

Uttarakhand
Partner since 2019

About

UMM works with women SHG groups in the remotest parts of Uttarakhand. To stop the tremendous migration of people from this region, UMM works to build self-sufficient entrepreneurs from the community.

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

100%

Repayments

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

- UMM

0 more to go -488 days remaining

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