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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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Mamta Devi

#hardworking# leader
Invest in Mamta as she seeks credit to seeks credit to expand her apparels store.

Retailpreneur

Alwar, Rajasthan

30,000 has been disbursed

591 potential days of livelihood i

22,500 is the current outstanding balance

100 0 0 7500 0 0

100%

0%

0%


About Mamta Devi

Mamta is an ambitious mumpreneur from Alwar, Rajasthan. With the growing financial needs of her family, Mamta had set up an apparels store in her hometown to help her meet the daily expenses. She is seeking credit to cover the cost of expansion of her store which will enable her to generate an increased monthly income to support her children and her husband. She intends to expand her apparels store in the near future to better the quality of life for her family. Invest in industrious Mamta as she takes on a the expansion of her business venture.

I wish to provide my children with a good education.

About Mamta Devi's livelihood

Mamta is a retailpreneur who works 13 hours a day for 7 days a week. With this loan Mamta will potentially obtain employment for 591 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

6.0% flat p.a.

10.8% APR

Social
Investor i

2.0%

3.6% APR

Impact
Partner i

up to 3.0%

5.4% APR

Platform
charges i

1.0%

1.8% APR

Loan Details

The following section provides a detailed view of the investee loan requirement.

Loan
amount

30,000

Loan
tenure

24 months

Moratorium

None

Repayment
mode

EMI i

Investee
occupation

Apparel store

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

 

A

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
IBTADA

Established in

1997

With Rang De from

2020

Founded by

Rajesh Singhi

Ibtada, meaning ‘the beginning’, is a not for profit organisation that was started in 1997 to uplift women and girls in the Alwar district of Rajasthan. Rural poverty and deprivation are a major issue grappling the region, and Ibtada has introduced interventions in the space of Education, Financial Inclusion, Livelihood Generation, and Awareness about Rights and Entitlements. Although Ibtada is hand holding women through the process, the ultimate aim is to make them independent and empowered to stand up for themselves. Ibtada has reached over 50,000 households in 400+ villages in Alwar District, Rajasthan.

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