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Kalam Singh

#dreamer#industrious
Enable Kalam upgrade his food stall as he expands his business

Food Entrepreneur

Rudraprayag, Uttarakhand

35,000 has been disbursed

318 potential days of livelihood i

18,153.03 is the current outstanding balance

78.76 0 21.24 16847 4542 0

79%

21%

0%


Kalam Singh's five-year-old food stall is awaiting a much needed revamp. The father of two has been toiling hard running his food stall seven days a week. Kalam is supported by his wife Sarla, who works in the agricultural sector. His two children are currently enrolled in school. Now, Kalam is seeking credit to give the food stall an upgrade to better his income as he supports his family. He intends to use the credit to renew his shop by adding furniture, and also to finance the purchase of ingredients for the food preparation. His ambition is to expand his business by opening a second food stall in Rudraprayag. Invest in sincere Kalam today.

I dream of opening a new food stall.

About Kalam Singh 's livelihood

Kalam is a food entrepreneur who works 7 hours a day for 7 days a week. With this loan Kalam 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

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

A

Financial
Profile i

B

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

96%

Repayments

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

- UMM

0 more to go -525 days remaining

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