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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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H Chipfoza

#go-getter#ambitious
Chipfoza needs credit to expand her business.

Agripreneur

Kohima, Nagaland

1,50,000 has been disbursed

429 potential days of livelihood i

143,750 is the current outstanding balance

100 0 0 6250 0 0

100%

0%

0%


About H Chipfoza

Chipfoza is an entrepreneur. She owns a retail store in Kohima, Nagaland. The revenue from this business serves as an income for this family of four. Chipfoza wishes to expand his business and is seeking credit for the same. She needs to buy some furniture for her store, purchase goods and vegetables, invest in more security to the store, and meet the transportation expenses as well. She wishes to build a store and promote local products from different parts of the state. Help Chipfoza improve her family income by making her dreams come true.

I wish to open a bigger store in the future.

About H Chipfoza's livelihood

H is an agripreneur who works 11 hours a day for 6 days a week. With this loan H 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 i

10.0% flat p.a.

18.0% APR

Social
Investor i

4.0%

7.2% APR

Impact
Partner i

up to 4.0%

7.2% APR

Platform
charges i

2.0%

3.6% APR

Loan Details

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

Loan
amount

1,50,000

Loan
tenure

24 months

Moratorium

None

Repayment
mode

EMI i

Investee
occupation

Agro products

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

B

Financial
Profile i

B

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 1,00,92,800

Disbursed

140

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 -20 days remaining

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