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Burjongla

Walling

Service Entrepreneur

Dimapur, Nagaland

1,00,000 has been disbursed

429 livelihood days

Borrower Image 1 Borrower Image 2 Borrower Image 3

Burjongla

Walling

#dedicated#passionate
Invest in Burjongla to expand her retail store.

Service Entrepreneur

Nagaland

1,00,000 has been disbursed

429 potential days of livelihood

₹ 47,222.18 is
the current outstanding balance
95 5 0 52778 2778 0

95%

5%

0%

About Burjongla

Burjongla is an extremely hard-working woman who has built a good life for herself and her family. The retail shop that she operates works very much in the same way as a general store, selling various items. She needs a loan to purchase more inventory so that she can continue to provide a variety of goods to her customers. The loan will also be used to furnish her store and pay for the transportation expenses. The businesses that are best for women like Burjongla are those which can be operated from the convenience of home, thus allowing them to take care of their families while still earning a living. With a loan, she will be able to save money and expand her business, thereby contributing to the development of both herself and the school that she has chosen.

About Burjongla Walling's livelihood

Burjongla is a service entrepreneur who works 11 hours a day for 6 days a week. With this loan Burjongla will potentially obtain employment for 429 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

10.00% flat p.a.

18.00% APR

Social
Investor

4.00%

7.20% APR

Impact
Partner

up to 4.00%

7.20% APR

Platform
charges

2.00%

3.60% APR

Loan Details

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

Loan
amount

₹ 1,00,000

Loan
tenure

36 months

Moratorium

None

Repayment
mode

EMI

Investee
occupation

Others

Investee Credit Rating:
Excellent

The credit rating of the investee is arrived at by using a proprietary algorithm that factors in the investee’s credit score and the performance rating of the Impact Partner.

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 1,80,72,800

Disbursed
User circle icon

205

Investees
Repayment icon

100.0%

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

Your Investees

FUNDS

INDIVIDUALS