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Matwar

Singh

Agripreneur

Chamoli, Uttarakhand

318 livelihood days

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Matwar

Singh

#dreamer#visionary
Enable Matwar Singh purchase a horse to start a new business for his family

Agripreneur

Uttarakhand

318 potential days of livelihood

40,000 loan is fully repaid

40,000 loan is fully repaid


About Matwar

Working for seven hours every day of the week, Matwar Singh is a hardworking man. He's an aspiring businessman who has now seen opportunity in a horse rearing business which he hopes to undertake. Matwar previously worked as a farmer and is seeking credit to purchase his first horse, a worthy asset as he launches his new business. He hopes this first integral steps will enable him to save up a substantial fund so he can grow his business and his monthly income. He hopes that this will help him support his family, his wife and two kids and help better their quality of life. His dream is to grow his business so his children can benefit from good health facilities and quality education. Support Matwar Singh today.

About Matwar Singh 's livelihood

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

40,000

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