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#RootforRangDe

Rang De is India’s first social lending platform where you can invest in people from low income households and earn nominal - moderate returns.

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Bornice Sumi

#perseverance# passionate
Borince needs a loan to buy essentials for the autumn season.

Agripreneur

Kohima, Nagaland

50,000 has been disbursed

234 potential days of livelihood i

50,000 is the current outstanding balance


About Bornice Sumi

Borince lives in the hilly regions of Nagaland. She is a farmer and nurtures a family of two. She has been cultivating and farming for over two years now. Borince wants to be prepared for the autumn crops which starts in the month of July-August. The loan amount will help her in the procurement of seeds, essential supplies like manure, labor, and irrigation. The timely disbursement of the loan will be crucial for a successful harvest. Invest in Borince as she looks forward to a bountiful season.

My dream is to enjoy a secure future with my family.

About Bornice Sumi's livelihood

Bornice is an agripreneur who works 6 hours a day for 6 days a week. With this loan Bornice will potentially obtain employment for 234 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 i

0.0% flat p.a.

0.0% APR

Social
Investor i

0.0%

0.0% APR

Impact
Partner i

up to 0.0%

0.0% APR

Platform
charges i

0.0%

0.0% APR

Loan Details

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

Loan
amount

50,000

Loan
tenure

12 months

Moratorium

None

Repayment
mode

EHI i

Investee
occupation

Farming

Investee Credit Rating i :
Rang De Credit Rating A B C
What it means Low Risk Medium Risk High Risk

B

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

A

Co-curated and referred by our Impact Partner

Entrepreneurs Associates

Nagaland
Partner since 2019

About

EA was founded to transform the broken economy of Nagaland, and foster a spirit of self-reliance & responsible leadership in the psyche of Nagas. They train, mentor and finance 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 94,42,800

Disbursed

124

Investees

100%

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

0 more to go -189 days remaining

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