1
#RootforRangDe

Rang De is India’s first social lending platform where you can invest in people from low income households and earn nominal - moderate returns.

false 0 0

Kevimedo Tungoe

#Solopreneur# Selfstarter
Invest in Kevimedo's aromatic ambitions

Food Entrepreneur

Kohima, Nagaland

₹ 2,00,000 has been disbursed

234 potential days of livelihood i

₹ 161,111.08 is the current outstanding balance

77.78 0 22.22 38889 11111 0

78%

22%

0%

About Kevimedo Tungoe

Kevimedo Tungoe definitely knows his way to our hearts! He's setting up a fine eatery to serve food drizzled with aromatic flavors, and spice up Kohima, his home city. He is seeking credit to purchase a noodle-making machine while also covering the overhead costs of running his food stall. This capital will be the stepping stone to funding Kevimedo’s even bigger entrepreneurial dreams of setting up multiple production centers across Nagaland. Invest today in ambitious Kevimedo and become an instrumental part of Kohima's soon-to-be most popular eatery.

I want to become one of the most successful entrepreneurs from Kohima.

About Kevimedo Tungoe's livelihood

Kevimedo is a food entrepreneur who works 6 hours a day for 6 days a week. With this loan Kevimedo will potentially obtain employment for 234 days.

Interest Rate
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

Loan Details

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

Loan
amount

₹ 2,00,000

Loan
tenure

36 months

Moratorium

None

Repayment
mode

EMI i

Investee
occupation

Food stall

Investee Credit Rating i :
Rang De Credit Rating A B C
What it means Low Risk Medium Risk High Risk

B

The rating is derived from the following data points.

Credit
bureau
score i

 

B

Rang De confidence score

 i


B

Partner
Rating i

B

Loan
Profile i

B

Financial
Profile i

A

Know more
Co-curated and referred by our Impact Partner

Entrepreneurs Associates

Nagaland
Partner since 2019

About

EA was founded to transform the broken economy of Nagaland, and foster a spirit of self-reliance & responsible leadership in the psyche of Nagas. They train, mentor and finance 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 1,00,92,800

Disbursed

140

Investees

100%

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

₹ 0 more to go -498 days remaining

₹

₹ added to cart

VIEW CART