false
false 0 0 gp8ybaS751

Imchameren

Walling

logoFood Entrepreneur

logo Kohima, Nagaland

logo 1,00,000 has been disbursed

logo 325 livelihood days i

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

Imchameren

Walling

#dedicated#passionate
Invest in Imchameren to run his food store smoothly.

logoFood Entrepreneur

logo Kohima, Nagaland

logo 1,00,000 has been disbursed

logo 325 potential days of livelihood i

33,333.28 is
the current outstanding balance

88.89 0 11.11 66667 8333 0

89%

11%

0%


Imchameren Walling is the proprietor of a food store in Kohima, Nagaland. He has been running it for the past eleven years. He had to face a set of challenges due to the COVID-19 pandemic, which put his business down. Now, he needs some financial support from Rang De to bring his business back to life. He will use the credit to purchase a few machineries, displays, and raw materials to run his business smoothly. This expansion will attract more customers to his store and he can enjoy a better income. Invest in Imchameren today!

I wish to start a food production unit.

About Imchameren Walling's livelihood

Imchameren is a food entrepreneur who works 10 hours a day for 5 days a week. With this loan Imchameren will potentially obtain employment for 325 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

12 months

Moratorium

None

Repayment
mode

EMI i

Investee
occupation

Food stall

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

 

A

Rang De confidence score

 i


B

Partner Rating i

B

Loan Profile i

B

Financial Profile i

A

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

100.0%

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

3

Total: ₹3000

Your Investees

Total Lives Impacted

0

Days of Livelihood

0