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Hovitoli Sheqi

#breadwinner#hardworking
Hovitoli requires credit for successfully running her food shop.

Food Entrepreneur

Zunheboto, Nagaland

1,00,000 has been disbursed

351 potential days of livelihood i

95,833.33 is the current outstanding balance

50 0 50 4167 4167 0

50%

50%

0%


Hovitoli is a resident of Zunheboto district in Nagaland where she lives with her family of five and runs the household with the help of the money earned from her food store. Due to the current pandemic it is hard to procure all the raw materials and goods for her food shop on time. She will utilize the loan to buy raw products, utensils and goods, improve her shop setup and enjoy a secure life with her family. Invest in Hovitoli today!

My dream is to work hard and to have a secure future with my family.

About Hovitoli Sheqi's livelihood

Hovitoli is a food entrepreneur who works 9 hours a day for 6 days a week. With this loan Hovitoli will potentially obtain employment for 351 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

4.00%

7.20% APR

Impact
Partner i

up to 4.00%

7.20% APR

Platform
charges i

2.00%

3.60% APR

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

Loan
amount

1,00,000

Loan
tenure

24 months

Moratorium

None

Repayment
mode

EMI i

Investee
occupation

Food 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

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 1,71,42,800

Disbursed

197

Investees

99%

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 -67 days remaining

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