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Laxman Singh

#pioneer#committed
Join hands with Laxman so he can revive his 15 year old business

Retailpreneur

Rudraprayag, Uttarakhand

50,000 has been disbursed

318 potential days of livelihood i

22,222.2 is the current outstanding balance

90.91 0 9.09 27778 2778 0

91%

9%

0%


For 15 years, Laxman Singh has been running a small business. With no opportunity to grow or expand his business, Laxman has been unable to increase his family income for years. Now, with the accessibility to credit, Laxman is hoping to make great strides of progress with his retail store so he can grow his income and better the quality of life for his wife and children. He hopes to use the loan to finance the purchase of daily items that are high in demand and restock his store in full form. A fully stocked store will mean more customers, increased sales and greater revenue. Support Laxman as he restores and revives his retail store.

My dream is to expand my business to better support my family.

About Laxman Singh 's livelihood

Laxman is a retailpreneur who works 7 hours a day for 7 days a week. With this loan Laxman 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

50,000

Loan
tenure

18 months

Moratorium

None

Repayment
mode

EMI i

Investee
occupation

Retail store

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

B

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

96%

Repayments

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

- UMM

0 more to go -529 days remaining

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