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Himanshu Kumar

#provider# ambitious
Himanshu needs credit to set up a retail store.

Retailpreneur

Nainital, Uttarakhand

50,000 has been disbursed

455 potential days of livelihood i

27,083.26 is the current outstanding balance

100 0 0 22917 0 0

100%

0%

0%


Himanshu lives in Nainital, Uttarkhand where he is an entrepreneur. He receives income from running a small business. However, he is ambitious and wants to increase his earnings. THe success in his current business has encouraged Himanshu to set up a new retail store in his locality and find additional means of enhancing his income. He will use this credit to purchase products for inventory and invest it as initial capital for his venture. Invest in Himanshu so that he can expand his business and support his family.

I wish to purchase a motorcycle for myself.

About Himanshu Kumar's livelihood

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

4.0%

7.2% APR

Impact
Partner i

up to 5.0%

9.0% APR

Platform
charges i

1.0%

1.8% APR

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

Retail store

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

A

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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