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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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Meera Devi

#breadwinner#hardworking
Support Meena as she expands her retail business.

Retailpreneur

Alwar, Rajasthan

35,000 has been disbursed

591 potential days of livelihood i

27,708.3 is the current outstanding balance

100 0 0 7292 0 0

100%

0%

0%


About Meera Devi

Meera is an ambitious mumpreneur from Alwar, Rajasthan. With the growing financial needs of her family, Meera has decided to expand her retail store in her hometown to help her meet the daily expenses. She seeks credit to improve the infrastructure of her shop and to restock her shop. This shop will enable her to generate an increased monthly income to support her two sons and her husband. She intends to sell cosmetics, apparels and jewelry and reach out to more customers in her neighborhood. Invest in industrious Meera as she works on expanding her business.

I wish to become a successful entrepreneur.

About Meera Devi's livelihood

Meera is a retailpreneur who works 13 hours a day for 7 days a week. With this loan Meera 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

35,000

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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