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Jagpal Singh

#driven#progressive
Help Jagpal restock his store and soon open an even bigger store in Tilwara market

Retailpreneur

Rudraprayag, Uttarakhand

35,000 has been disbursed

318 potential days of livelihood i

19,444.4 is the current outstanding balance

53.33 26.67 20 15556 5833 7778

53%

20%

27%


Jagpal Singh is the owner of a small retail shop in his village in Uttarakhand. He earns his monthly income through the sales of various daily need items at his store. As a breadwinner, his income supports his two children and wife, Usha who works in the agricultural sector. Now, Jagpal is ready to make a key upgrade to his business of five years. He is seeking a loan to restock the items that are in most demand to increase his sales and attract more customers. By growing his income, Jagpal plans to set aside a fund to set up a store at the Tilwara market where there are even more customers. His dream is to grow his business and make it successful so he can better support his family. Invest in enterprising Jagpal today.

My dream is to grow and expand my business.

About Jagpal Singh 's livelihood

Jagpal is a retailpreneur who works 7 hours a day for 7 days a week. With this loan Jagpal will potentially obtain employment for 318 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

5.0%

9.0% APR

Impact
Partner i

up to 5.0%

9.0% APR

Platform
charges i

0.0%

0.0% APR

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

Loan
amount

35,000

Loan
tenure

18 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

A

Financial
Profile i

A

Ushamath Mahila Mahasangh

Uttarakhand
Partner since 2019

About

UMM works with women SHG groups in the remotest parts of Uttarakhand. To stop the tremendous migration of people from this region, UMM works to build self-sufficient entrepreneurs from the community.

Impact Narrative

The difficult terrain and extreme weather of Uttarakhand makes it an arduous task for the people of the state to access financial services. The partnership between Rang De and UMM works towards bridging this gap.

Rs 43,90,000

Disbursed

127

Investees

86%

Repayments

We have partnered with Rang De to ensure financial inclusion to the most excluded communities of Uttarakhand.

- UMM

0 more to go -646 days remaining

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