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NEELAM DEVI

#progressive#ambitious
Invest in equipping Neelam's beauty parlour to expand her business

Beautypreneur

Rudraprayag, Uttarakhand

25,000 has been disbursed

273 potential days of livelihood i

13,888.88 is the current outstanding balance

88.89 0 11.11 11111 1389 0

89%

11%

0%


Mother of three, Neelam Devi has been running a beauty parlour in her hometown in Rudraprayag for a decade. Her husband, Ajay Kumar is a farmer who also works to contribute to the family’s income. Neelam has now decided to take charge and implement some changes to her parlour in a bid to welcome more clients thus growing her income. Neelam is seeking credit to restock and equip her parlour to enable her to expand the business. She hopes that by doing so, she will be able to provide better quality services for her clients thus establishing herself and the parlour as a household name in the village. In addition, the revenue from her business will be used to fend for the education of her three children as she strives to buy her very own store in the village. Join hands with ambitious Neelam today.

My dream to own my own store in the village.

About NEELAM DEVI's livelihood

NEELAM is a beautypreneur who works 6 hours a day for 7 days a week. With this loan NEELAM 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

25,000

Loan
tenure

18 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

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

99%

Repayments

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

- UMM

0 more to go -424 days remaining

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