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Merennungsang

#dedicated#courageous
Support Merennungsang expand his beauty parlor and attract more customers.

Beautypreneur

Kohima, Nagaland

1,00,000 has been disbursed

195 potential days of livelihood i

100,000 is the current outstanding balance


Merennungsang is a passionate entrepreneur hailing from Kohima, Nagaland. He lives with his family of four and runs the household with the help of the money earned from his beauty parlor. Due to the current pandemic, he is finding it hard to arrange credit to invest in the essentials goods and products for his parlor. He needs a loan and he will utilize it to buy an inverter and some products to attract more customers. Invest in Merennungsang today and help his business run smoothly!

I wish to open many branches of my parlor in different locations.

About Merennungsang 's livelihood

Merennungsang is a beautypreneur who works 6 hours a day for 5 days a week. With this loan Merennungsang will potentially obtain employment for 195 days.

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

4.0%

7.2% APR

Impact
Partner i

up to 4.0%

7.2% APR

Platform
charges i

2.0%

3.6% APR

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

Loan
amount

1,00,000

Loan
tenure

24 months

Moratorium

None

Repayment
mode

EMI i

Investee
occupation

Beauty parlour

i :

B

Rang De Credit Rating A B C
What it means Low Risk Medium Risk High Risk

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

B

Financial
Profile i

A

Entrepreneurs Associates

Nagaland
Partner since 2019

About

EA was founded to transform the broken economy of Nagaland, and foster a spirit of self-reliance & responsible leadership in the psyche of Nagas. They train, mentor and finance first generation entrepreneurs and help them set up successful businesses.

Impact Narrative

Rang De's partnership with EA works to a culture of entrepreneurship by making credit accessible to Naga entrepreneurs.

Rs 1,54,92,800

Disbursed

181

Investees

100%

Repayments

Access to finance has always been a challenge in Nagaland. Through Rang De, we can now provide low cost credit to our community with ease.

- Chubazen lkr, Assistant Program Manager, EA

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