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Lata Devi

#spirited#tireless
Contribute to fund Lata’s mule purchase so she can support her children

Agripreneur

Rudraprayag, Uttarakhand

35,000 has been disbursed

318 potential days of livelihood i

15,500.37 is the current outstanding balance

71.63 6.94 21.43 19500 5833 1889

72%

21%

7%


Mother, wife and businesswoman Lata Devi is all set to launch a new business. She has saved a total of rupees 20,000 from her farming business of five years and is now ready to take on another challenge. Lata has joined the community of women in her village in Rudraprayag who are choosing to become financially independent. She is seeking a loan of rupees 35,000 to add to her savings and buy a mule. She intends to use the mule to provide transportation services during the busy pilgrim and marriage seasons in Uttarakhand. In addition, the mule can be used to transport goods throughout the year. Pitch into Lata’s fund so she can support her family and secure good quality education and healthcare for them.

My dream is to expand my mule rearing business to provide good education and quality healthcare for my children.

About Lata Devi 's livelihood

Lata is an agripreneur who works 7 hours a day for 7 days a week. With this loan Lata 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

Animal husbandry

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

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

86%

Repayments

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

- UMM

0 more to go -647 days remaining

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