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Mukesh

Laal

logoAgripreneur

logo Rudraprayag, Uttarakhand

logo 273 livelihood days Number of days of productive livelihood activity that this loan will potentially facilitate

b-img b-img b-img b-img

Mukesh

Laal

#gogetter#pioneer
Pitch into Mukesh's mule purchase fund so he can build a house

logoAgripreneur

logo Rudraprayag, Uttarakhand

logo 273 potential days of livelihood Number of days of productive livelihood activity that this loan will potentially facilitate

30,000 loan is fully repaid

30,000 loan is fully repaid


Young father Mukesh Laal has been running an animal husbandry business for the last seven years. He now wants to expand his business so he can grow his income to support his wife and son. Mukesh has applied for a loan to buy a mule. He will be using his savings of rupees 5,000, along with this loan of rupees 30,000 to make the mule purchase. Mules are a common source of livelihood in Mukesh's hometown. They are used to transport goods during the pilgrim season and during weddings. Mukesh hopes the new addition to his business will enable him to save up a fund for the dream house he plans to build for his family. Support Mukesh today.

My dream is to build a nice house for my family.

About Mukesh Laal's livelihood

Mukesh is an agripreneur who works 6 hours a day for 7 days a week. With this loan Mukesh will potentially obtain employment for 273 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

30,000

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