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Balwant Singh

#Retailpreneur# Ambitious
Retailing to uplift communities

Retailpreneur

Rudraprayag, Uttarakhand

25,000 loan needed

312 potential days of livelihood i


Hailing from Uttarakhand is Balwant Singh who runs a general store in his small village. Now, Balwant has steered his focus toward growth and is looking to expand the store by adding more items. Your investment in his venture will fund progress as Balwant aspires to make the store bigger and better. This means he can support his wife Beena who works in the agricultural sector as well as his children who are enrolled in school. In addition, a bigger store will ease accessibility of items in the village and in the long run uplift Balwant’s community.

I dream of expanding my business venture.

About Balwant Singh's livelihood

Balwant is a retailpreneur who works 8 hours a day for 6 days a week. With this loan Balwant will potentially obtain employment for 312 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

25,000

Loan
tenure

18 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

 

B

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

95%

Repayments

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

- UMM

0 more to go -631 days remaining

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