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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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Deewan Ram

#hardworking#believer
Deewan seeks financial support to restock his apparels store.

Service Entrepreneur

Bageshwar, Uttarakhand

50,000 has been disbursed

455 potential days of livelihood i

45,833.32 is the current outstanding balance

100 0 0 4167 0 0

100%

0%

0%


About Deewan Ram

Deewan runs an apparels business in Bageshwar, Uttarakhand. His income supports his household and the education of his two children. Deewan has been building his apparels store for the past six years and now seeks a loan to replenish his stock of material. He works hard to contribute for his family and to ensure a good future for his children. This loan will help him take a step ahead in growing his business.

I wish to expand my shop and have a successful business.

About Deewan Ram's livelihood

Deewan is a service entrepreneur who works 10 hours a day for 7 days a week. With this loan Deewan will potentially obtain employment for 455 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

10.0% flat p.a.

18.0% APR

Social
Investor i

4.0%

7.2% APR

Impact
Partner i

up to 5.0%

9.0% APR

Platform
charges i

1.0%

1.8% APR

Loan Details

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

Loan
amount

50,000

Loan
tenure

24 months

Moratorium

None

Repayment
mode

EMI i

Investee
occupation

Professional services

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

 

A

Rang De confidence score

 i


B


Partner
Rating i

B

Loan
Profile i

A

Financial
Profile i

B

Co-curated and referred by our Impact Partner
Udhyam housed under Agrani India Foundation

Established in

2017

With Rang De from

2020

Founded by

Pankaj Wadhwa

Udhyam Entrepreneurs' rural entrepreneurship program was conceived by the people working in Uttarakhand to encourage entrepreneurial development in rural communities of the Kumaon region of Uttarakhand. The idea behind the “Changemakers” program is to create entrepreneurs who create jobs and opportunities through mentoring and providing credit. As change agents, they facilitate this idea by being the drivers of change, further in their communities by creating a buzz about entrepreneurship and role models in the community.

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