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Matwar

Singh

logoAgripreneur

logo Chamoli, Uttarakhand

logo 318 livelihood days Number of days of productive livelihood activity that this loan will potentially facilitate

b-img b-img b-img

Matwar

Singh

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

logoAgripreneur

logo Chamoli, Uttarakhand

logo 318 potential days of livelihood Number of days of productive livelihood activity that this loan will potentially facilitate

40,000 loan is fully repaid

40,000 loan is fully repaid


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.

I want to better the quality of life for my family.

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.

The interest rate charged is split into returns for the social investor, fees for the impact partner and platform charges.

Investee
pays The rate of interest charged to the investee

10.00% flat p.a.

18.00% APR

Social
Investor The rate of return an investor makes

5.00%

9.00% APR

Impact
Partner The rate of return an impact partner makes

up to 5.00%

9.00% APR

Platform
charges The charges, the platform incurs by offering it's services

0.00%

0.00% APR

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 Equated Monthly Instalment

Investee
occupation

Animal husbandry

The credit rating of the investee is arrived at by using a proprietary algorithm that factors in the investee’s credit score and the performance rating of the Impact Partner.

Ushamath Mahila Mahasangh

   
Uttarakhand
Partner since 2019

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.

Rs 43,90,000

Disbursed

127

Investees

98.0%

Repayments

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

- UMM
whatsapp_icon

3

3000

3

Total: ₹3000

Your Investees

Total Lives Impacted

0

Days of Livelihood

0