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H

Chipfoza

logoAgripreneur

logo Kohima, Nagaland

logo 1,50,000 has been disbursed

logo 429 livelihood days Number of days of productive livelihood activity that this loan will potentially facilitate

b-img b-img b-img

H

Chipfoza

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

logoAgripreneur

logo Kohima, Nagaland

logo 1,50,000 has been disbursed

logo 429 potential days of livelihood Number of days of productive livelihood activity that this loan will potentially facilitate

₹ 25,000 is
the current outstanding balance
90.91 0 9.09 125000 12500 0

91%

9%

0%

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.

The interest rate charged is split into returns for the social investor, fees for the impact partner and platform charges.

Investee
pays The rate of interest charged to the investee

10.00% flat p.a.

18.00% APR

Social
Investor The rate of return an investor makes

4.00%

7.20% APR

Impact
Partner The rate of return an impact partner makes

up to 4.00%

7.20% APR

Platform
charges The charges, the platform incurs by offering it's services

2.00%

3.60% APR

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 Equated Monthly Instalment

Investee
occupation

Agro products

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.

Entrepreneurs Associates

   view website
Nagaland
Partner since 2019

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.

Rs 1,72,22,800

Disbursed

198

Investees

96.0%

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
whatsapp_icon

3

₹ 3000

Proceed to Pay

3

Total: ₹3000

Your Investees

Total Lives Impacted

0

Days of Livelihood

0