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Justin

Rajina

logoRetailpreneur

logo Kohima, Nagaland

logo 273 livelihood days Number of days of productive livelihood activity that this loan will potentially facilitate

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Justin

Rajina

#positive#courageous
Justin needs credit to expand his retail business.

logoRetailpreneur

logo Kohima, Nagaland

logo 273 potential days of livelihood Number of days of productive livelihood activity that this loan will potentially facilitate

1,50,000 loan is fully repaid

1,50,000 loan is fully repaid


Justin lives with a family of six. His father is a retired government servent while his mother works hard to provide for the family. With a brother and two sisters still completing their education, Justin wishes to work hard to provide for his family. He owns a business in Kohima, Nagaland. He is looking to expanding the business. Expanding the business would mean a higher income for the family. He wishes to use this credit to invest in the renovation of the shop, several raw materials, accessories, and transportation costs for these materials. He wishes to provide his siblings with a good future by making his business accessible to all the people in his city. This credit would help in making his dreams come true.

My dream is to open multiple showrooms in Nagaland.

About Justin Rajina's livelihood

Justin is a retailpreneur who works 7 hours a day for 6 days a week. With this loan Justin will potentially obtain employment for 273 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

12 months

Moratorium

None

Repayment
mode

EMI Equated Monthly Instalment

Investee
occupation

Retail store

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

99.0%

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