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

Laxmi Devi

#mumpreneur# determined
Laxmi Devi is hoping to expand her dairy farm with one more buffalo

Agripreneur

Rudraprayag, Uttarakhand

35,000 has been disbursed

273 potential days of livelihood i

13,611.05 is the current outstanding balance

100 0 0 21389 0 0

100%

0%

0%


About Laxmi Devi

With fifteen years of experience in the animal husbandry business, Laxmi Devi is a true expert in her field. She's a mother to three children, a wife to Amar Singh and now an entrepreneur ready to take on her village of Nainipondar in Rudraprayag. Laxmi is looking to take a big step forward, by purchasing a buffalo which will be a valuable asset to her farm. Laxmi will be able to sell the milk, increase her savings and make her lifelong dream of giving her children a good education come true.

My dream is to give my children a good education and to ensure they have access to good health facilities.

About Laxmi Devi's livelihood

Laxmi is an agripreneur who works 6 hours a day for 7 days a week. With this loan Laxmi will potentially obtain employment for 273 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

35,000

Loan
tenure

18 months

Moratorium

None

Repayment
mode

EMI i

Investee
occupation

Animal husbandry

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

A

Financial
Profile i

B

Co-curated and referred by our Impact Partner

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

100%

Repayments

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

- UMM

0 more to go -494 days remaining

added to cart