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Avitso

Lcho

logoRetailpreneur

logo kohima, Nagaland

logo 390 livelihood days i

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

Avitso

Lcho

#enterprising#industrious
Fund the first round of Avitso Lcho’s massive business expansion

logoRetailpreneur

logo kohima, Nagaland

logo 390 potential days of livelihood i

1,00,000 loan is fully repaid

1,00,000 loan is fully repaid


Graduate Avitso Lcho wants to become a renowned businessman in Nagaland. At present, he lives with his parents and four siblings in Kohima. His mother is a retired government officer, and two of his siblings also work for the government. Avitso is the first one in his family to walk down the path of entrepreneurship. He has been running a food and condiment business for the last five years. Avitso is now looking to climb the next step in his business, by introducing a collection of new products in his store. He is seeking credit to purchase this fresh stock of products, and cover the costs of transporting these goods to his store. In addition, to accommodate this expansion, Avitso is also preparing to renovate the store. Avitso is confident that this next step will take him closer to his goal of making an impact in his community as an entrepreneur. Fund enterprising Avitso today.

I dream of becoming renowned businessman in the state.

About Avitso Lcho's livelihood

Avitso is a retailpreneur who works 10 hours a day for 6 days a week. With this loan Avitso will potentially obtain employment for 390 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

5.00%

9.00% APR

Impact
Partner i

up to 5.00%

9.00% APR

Platform
charges i

0.00%

0.00% APR

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

Loan
amount

1,00,000

Loan
tenure

24 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

No credit history available

 

Rang De confidence score

 i


B

Partner Rating i

B

Loan Profile i

B

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