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Bendangsunep

Retailpreneur

Dimapur, Nagaland

1,00,000 has been disbursed

468 livelihood days

Borrower Image 1 Borrower Image 2 Borrower Image 3

Bendangsunep

#positive#passionate
Invest in Bendangsunep to expand his retail store and enhance his income.

Retailpreneur

Nagaland

1,00,000 has been disbursed

468 potential days of livelihood

₹ 4,166.59 is
the current outstanding balance
95.83 0 0 4.17 95833 0 0 4167

96%

0%

0%

4%

About Bendangsunep

Bendangsunep is a young entrepreneur and a resident of Dimapur district in Nagaland where he lives with his family of three. He runs a retail store for over four years now. Due to the current pandemic, he is finding it hard to procure the essential goods for his retail store and meet the expenses on time. He requires a loan now and it will be utilized to buy better quality stocks, meet the transportation expenses, and for working capital. This expansion will provide him with a better income and help him overcome the ill effects of the pandemic in his life. Invest in Bendangsunep today!

About Bendangsunep 's livelihood

Bendangsunep is a retailpreneur who works 12 hours a day for 6 days a week. With this loan Bendangsunep will potentially obtain employment for 468 days.

Interest Rate

The interest rate charged is split into returns for the social investor, fees for the impact partner and platform charges. Bendangsunep has consented to pay the interest as below:

Investee
pays

10.00% flat p.a.

18.00% APR

Social
Investor

4.00%

7.20% APR

Platform
charges

6.00%

10.80% APR

Loan Details

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

Investee
occupation

Retail store

Investee Credit Rating:
Excellent

Investee credit rating has been arrived at by our proprietary algorithm which factors in the following parameters: 1. Investee credit bureau scores 2. debt servicing ability

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 1,83,72,800

Disbursed
User circle icon

211

Investees
Repayment icon

99.0%

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

Proceed to Pay

3

Total: ₹3000

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