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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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Narmada Devi

#resilient#ambitious
Help Narmada refurbish her footwear store as she dreams of a new house

Retailpreneur

Ajmer, Rajasthan

50,000 has been disbursed

364 potential days of livelihood i

31,249.94 is the current outstanding balance

100 0 0 18750 0 0

100%

0%

0%


About Narmada Devi

Narmada Devi is the owner of a footwear store in Ajmer, Rajasthan. Now with the plans of soon constructing a house for her family, Narmada has decided to restock and upgrade her store so she can build her revenue. She has applied for a loan which will finance the purchase of shoes and slippers of different sizes for her customers. In addition, Narmada wants to give her store a facelift and is hoping to also use part of the loan to buy new furniture for the store. She will be able to attract more customers to her store allowing her to grow her income. Finally, Narmada dreams of seeing her son becoming a doctor in the future. Invest in Narmada as she wins for her family.

My dream is to see my son become a doctor.

About Narmada Devi's livelihood

Narmada is a retailpreneur who works 8 hours a day for 7 days a week. With this loan Narmada will potentially obtain employment for 364 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

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

Loan Details

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

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

No credit history available

 

Rang De confidence score

 i


B


Partner
Rating i

B

Loan
Profile i

B

Financial
Profile i

A

Co-curated and referred by our Impact Partner

Rajasthan Mahila Kalyan Mandal

Rajasthan
Partner since 2019

About

RMKM began working in the field of disability and rehabilitation in 1988, but has expanded to support the children and women of Rajasthan in many ways. RMKM works to create empowered women entrepreneurs by providing them with access to education, health services and credit.

Impact Narrative

Credit is virtually inaccessible to the women entrepreneurs in Rajasthan. The Rang De loans are designed to empower these women to start and grow their businesses.

Rs 37,05,000

Disbursed

80

Investees

100%

Repayments

Rang De works with the same mission as ours - upliftment and welfare of the poor, backward and the specially abled, leading to their respectful and dignified life in the society.

- Nanu Lal Prajapati, Head of Livelihoods project, RMKM

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