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Avi

Lea

Retailpreneur

Phek, Nagaland

455 livelihood days

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Avi

Lea

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

Retailpreneur

Nagaland

455 potential days of livelihood

1,50,000 loan is fully repaid

1,50,000 loan is fully repaid


About Avi

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.

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.

Interest Rate

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

Investee
pays

10.00% flat p.a.

18.00% APR

Social
Investor

4.00%

7.20% APR

Impact
Partner

up to 4.00%

7.20% APR

Platform
charges

2.00%

3.60% APR

Loan Details

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

Investee
occupation

Retail store

Investee Credit Rating:
Excellent

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.

Co-curated and referred by our Impact Partner

Entrepreneurs Associates

   view website
Nagaland
Partner since 2019
Partner logo

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.

Rupees Icon

Rs 1,80,72,800

Disbursed
User circle icon

205

Investees
Repayment icon

100.0%

Repayments
Left quotes

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
RIght quotes
whatsapp_icon

3

3000

3

Total: ₹3000

FUNDS

INDIVIDUALS