false
false 0 0 D17LYLQ1W4

Durga

Devi

logoService Entrepreneur

logo Rudraprayag, Uttarakhand

logo 318 livelihood days i

b-img b-img b-img b-img

Durga

Devi

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

logoService Entrepreneur

logo Rudraprayag, Uttarakhand

logo 318 potential days of livelihood i

40,000 loan is fully repaid

40,000 loan is fully repaid


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

10.00% flat p.a.

18.00% APR

Social
Investor i

5.00%

9.00% APR

Impact
Partner i

up to 5.00%

9.00% APR

Platform
charges i

0.00%

0.00% 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 is an apex federation of women SHGs established in 2005, registered under Uttrakhand self-reliant cooperative act 2003, to meet the financial service needs of the poor living in one of the most underserved areas of Uttrakhand. UMM's mandate has been to focus on solutions that provide direct socio economic improvement to the marginalized and low-income households. AT India and UMM work in a predominantly rural, hill-based economy. There are limited avenues to credit access and lack of sustainable livelihood sources in these regions.

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

98.0%

Repayments

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

- UMM
whatsapp_icon

3

3000

3

Total: ₹3000

Your Investees

Total Lives Impacted

0

Days of Livelihood

0