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Lata

Devi

Agripreneur

Rudraprayag, Uttarakhand

318 livelihood days

Borrower Image 1 Borrower Image 2 Borrower Image 3

Lata

Devi

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

Agripreneur

Uttarakhand

318 potential days of livelihood

35,000 loan is fully repaid

35,000 loan is fully repaid


About Lata

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.

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.

Interest Rate

The interest rate charged is split into returns for the social investor, fees for the impact partner and platform charges. Lata Devi has consented to pay the interest as below:

Investee
pays

10.00% flat p.a.

18.00% APR

Social
Investor

5.00%

9.00% APR

Platform
charges

5.00%

9.00% APR

Loan Details

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

Investee
occupation

Animal husbandry

Investee Credit Rating:
Good

Investee credit rating has been arrived at by our proprietary algorithm which factors in the following parameters: 1. Investee credit bureau scores 2. debt servicing ability

Co-curated and referred by our Impact Partner

Ushamath Mahila Mahasangh

   
Uttarakhand
Partner since 2019
Partner logo

About

UMM is an apex federation of women SHGs established in 2005, registered under Uttrakhand self-reliant cooperative act 2003, to meet the financial service needs of the poor living in one of the most underserved areas of Uttrakhand. UMM's mandate has been to focus on solutions that provide direct socio economic improvement to the marginalized and low-income households. AT India and UMM work in a predominantly rural, hill-based economy. There are limited avenues to credit access and lack of sustainable livelihood sources in these regions.

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.

Rupees Icon

Rs 43,90,000

Disbursed
User circle icon

127

Investees
Repayment icon

98.0%

Repayments
Left quotes

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

- UMM
RIght quotes
whatsapp_icon

3

3000

3

Total: ₹3000

FUNDS

INDIVIDUALS