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Avi Lea

#provider#resilient
Avi needs credit to expand his business.

Retailpreneur

Phek, Nagaland

1,50,000 has been disbursed

455 potential days of livelihood i

75,000 is the current outstanding balance

66.67 0 33.33 75000 37500 0

67%

33%

0%


Avi Lea is an entrepreneur. He has been running a retail store in Phek, Nagaland for the last six years. The revenue from this business serves as an income for this family of three. Avi wishes to expand his business and is seeking credit for the same. He needs to purchase more stock and renovate the store. The loan amount also will enable him to pay for transportation and labour costs. Help Avi improve his family income by making his dreams come true.Avi Lea is an entrepreneur. He has been running a retail store in Phek, Nagaland for the last six years. The revenue from this business serves as an income for this family of three. Avi wishes to expand his business and is seeking credit for the same. He needs to purchase more stock and renovate the store. The loan amount also will enable him to pay for transportation and labour costs. Help Avi improve his family income by making his dreams come true.

I wish to open another outlet of my store in the future.

About Avi Lea's livelihood

Avi is a retailpreneur who works 10 hours a day for 7 days a week. With this loan Avi will potentially obtain employment for 455 days.

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

Investee
pays i

10.0% flat p.a.

18.0% APR

Social
Investor i

4.0%

7.2% APR

Impact
Partner i

up to 4.0%

7.2% APR

Platform
charges i

2.0%

3.6% APR

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

Loan
amount

1,50,000

Loan
tenure

12 months

Moratorium

None

Repayment
mode

EMI i

Investee
occupation

Retail 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

 

A

Rang De confidence score

 i


B


Partner
Rating i

B

Loan
Profile i

B

Financial
Profile i

A

Entrepreneurs Associates

Nagaland
Partner since 2019

About

EA was founded to transform the broken economy of Nagaland, and foster a spirit of self-reliance & responsible leadership in the psyche of Nagas. They train, mentor and finance 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 1,60,42,800

Disbursed

189

Investees

99%

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

0 more to go -258 days remaining

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