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Baliram Lal

#determined#zealous
Pitch in to support Baliram launch a mule rearing business in Rudraprayag

Agripreneur

Rudraprayag, Uttarakhand

35,000 has been disbursed

318 potential days of livelihood i

17,553.03 is the current outstanding balance

81.57 0.25 18.18 17447 3889 53

82%

18%

0%


Young Baliram Lal wants to start a mule rearing business. He has already saved up Rs.20,000 towards the purchase of his first mule and is seeking this loan to close the financial gap and make the purchase. Mule rearing is a common livelihood activity in Baliram's hometown of Rudraprayag where they are used to transport goods up the mountains of Uttarakhand. Hence, determined Baliram is hoping this investment will reward him with good financial returns so he can support his parents and younger brother. In the future, he plans to use the funds he saves to grow this mule rearing business. Invest in determined Baliram and bring his business venture to life.

My dream is to start a mule rearing business.

About Baliram Lal's livelihood

Baliram is an agripreneur who works 7 hours a day for 7 days a week. With this loan Baliram will potentially obtain employment for 318 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

5.0%

9.0% APR

Impact
Partner i

up to 5.0%

9.0% APR

Platform
charges i

0.0%

0.0% APR

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

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

A

Financial
Profile i

B

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

96%

Repayments

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

- UMM

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