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Durga Devi

#spirited#tireless
Enable Durga repair her husband's vehicle so he can resume providing cab services

Service Entrepreneur

Rudraprayag, Uttarakhand

40,000 has been disbursed

318 potential days of livelihood i

24,548.31 is the current outstanding balance

99.33 0 0.67 15452 104 0

99%

1%

0%


Durga Devi is a resident of Rudraprayag, Uttarakhand. She has been working as a farmer for fifteen years to support her family. Now Durga is seeking credit to help her husband Mukesh continue his cab services. Mukesh works as a cab driver and his income helps finance the family's expenses including his daughter Arohi and son Bheavav's education. Durga wants to support her husband by seeking credit to make vital repairs to Mukesh's vehicle. By doing so, Mukesh will be able to continue providing cab services enabling him to earn a steady monthly income. Durga also hopes she will be able to raise enough funds from the cab business and her farming business to buy another new vehicle to use as a cab. A second vehicle will mean a definite increase in income giving Durga the chance to better the quality of life for her family. Join Durga on her exciting journey today.

My dream is to expand our family's cab business.

About Durga Devi 's livelihood

Durga is a service entrepreneur who works 7 hours a day for 7 days a week. With this loan Durga will potentially obtain employment for 318 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

40,000

Loan
tenure

18 months

Moratorium

None

Repayment
mode

EMI i

Investee
occupation

Transport services

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

No credit history available

 

Rang De confidence score

 i


B


Partner
Rating i

B

Loan
Profile i

B

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

100%

Repayments

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

- UMM

0 more to go -411 days remaining

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