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#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.

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Lalchand Vishwakarma

#strength#breadwinner
Lalchand needs essential labour, seeds, and equipment.

Agripreneur

Umariya, Madhya Pradesh

24,500 fully repaid

318 potential days of livelihood i


About Lalchand Vishwakarma

Lalchand is an experienced farmer. He has toiled on his farm for fifteen years. Lalchand lives with a family of four and agriculture brings in the income to sustain. There are times when the going gets tough but Lalchand never backs down. Due to a disruption in the supply chain, Lalchand finds it difficult to get essential supplies for beginning the new season. With this loan, he will be able to buy quality seeds and fertilizers and it also will support his family through this crisis. He also needs to make arrangements to store the produce from the previous season. Invest in Lalchand and help him tide through these trying times.

I wish to build a big house for my family.

About Lalchand Vishwakarma's livelihood

Lalchand is an agripreneur who works 7 hours a day for 7 days a week. With this loan Lalchand will potentially obtain employment for 318 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

0.0% flat p.a.

0.0% APR

Social
Investor i

0.0%

0.0% APR

Impact
Partner i

up to 0.0%

0.0% 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

24,500

Loan
tenure

9 months

Moratorium

None

Repayment
mode

Flexible repayments i

Investee
occupation

Farming

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

No credit history available

 

Rang De confidence score

 i


B


Partner
Rating i

B

Loan
Profile i

B

Financial
Profile i

B

Co-curated and referred by our Impact Partner

Action for Social Advancement

Madhya Pradesh
Partner since 2020

About

ASA works on leveraging the participatory action of the community to bring about positive developmental changes. While they extensively support agriculture and allied activities like small agri businesses, they also work in the field of watershed management and irrigation development.

Impact Narrative

Rang De's interest free loans have been designed to enable small and marginal farmers to access storage for their produce and to meet their expenses for the Kharif season.

Rs 65,72,900

Disbursed

176

Investees

100%

Repayments

During a time of disruption and distress caused by the Covid-19 pandemic, Rang De's loans have been accessible, affordable and above all, timely.

- Ashis Mondal, Director, ASA

0 more to go -20 days remaining

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