false 0 0

Nandan Prasad

#ambitious# hardworking
Nandan wishes to expand his retail business.

Retailpreneur

Bageshwar, Uttarakhand

50,000 has been disbursed

455 potential days of livelihood i

39,583.3 is the current outstanding balance

83.33 0 16.67 10417 2083 0

83%

17%

0%


Nandan is an entrepreneur from a village in Bageshwar, Uttarakhand. He has been running a retail store for the past fifteen years. His income supports him and his wife. The pandemic has proven to be a difficult economic challenge for small businesses. Nandan is looking for a loan to invest in restocking his store. He dreams of a brighter and better future for himself and his family. This income can help him take a step in that direction.

I wish to expand my business and provide a good future for my family.

About Nandan Prasad's livelihood

Nandan is a retailpreneur who works 10 hours a day for 7 days a week. With this loan Nandan will potentially obtain employment for 455 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 5.0%

9.0% APR

Platform
charges i

1.0%

1.8% APR

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

Loan
amount

50,000

Loan
tenure

24 months

Moratorium

None

Repayment
mode

EMI i

Investee
occupation

Retail store

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

 

B

Rang De confidence score

 i


B


Partner
Rating i

B

Loan
Profile i

B

Financial
Profile i

A

Udhyam housed under Agrani India Foundation

Established in

2017

With Rang De from

2020

Founded by

Pankaj Wadhwa

Udhyam Entrepreneurs' rural entrepreneurship program was conceived by the people working in Uttarakhand to encourage entrepreneurial development in rural communities of the Kumaon region of Uttarakhand. The idea behind the “Changemakers” program is to create entrepreneurs who create jobs and opportunities through mentoring and providing credit. As change agents, they facilitate this idea by being the drivers of change, further in their communities by creating a buzz about entrepreneurship and role models in the community.

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