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Kavita Devi

#selfstarter#spirited
Kavita seeks your support to open her dream beauty parlour

Beautypreneur

Rudraprayag, Uttarakhand

35,000 has been disbursed

364 potential days of livelihood i

21,389.69 is the current outstanding balance

70 0 30 13610 5833 1

70%

30%

0%


Kavita Devi an entrepreneur from Guptkashi, Uttarakhand, juggles running her business and her household. She is determined to ease the financial burden of her husband's shoulders by choosing to share the role of breadwinner with him. Kavita wants to run a beauty parlor in her town so she can provide beauty services for the women there. She has applied for a loan in the hope of financing the purchase of the necessary cosmetic items. Her income from this venture will add to the family income which is contributed mainly by her husband and her mother. She hopes this new venture will open the doors to allow her to grow her income and further expand the business so she can run a full-fledged beauty parlour one day. Fund Kavita today.

My dream is to run my own beauty parlour one day.

About Kavita Devi's livelihood

Kavita is a beautypreneur who works 8 hours a day for 7 days a week. With this loan Kavita will potentially obtain employment for 364 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

Beauty parlour

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

97%

Repayments

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

- UMM

0 more to go -498 days remaining

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