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Mukesh Laal

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

Agripreneur

Rudraprayag, Uttarakhand

30,000 has been disbursed

273 potential days of livelihood i

23,250 is the current outstanding balance

33.75 41.25 25 6750 5000 8250

34%

25%

41%


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 i

10.0% flat p.a.

18.0% APR

Social
Investor i

5.0%

9.0% APR

Impact
Partner i

up to 5.0%

9.0% APR

Platform
charges i

0.0%

0.0% 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 i

Investee
occupation

Animal husbandry

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

A

Financial
Profile i

A

Ushamath Mahila Mahasangh

Uttarakhand
Partner since 2019

About

UMM works with women SHG groups in the remotest parts of Uttarakhand. To stop the tremendous migration of people from this region, UMM works to build self-sufficient entrepreneurs from the community.

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

91%

Repayments

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

- UMM

0 more to go -548 days remaining

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