Neingupeu lives with her son in Phek, Nagaland where she runs a small apparels store that provides the two of them a livelihood. She is a successful entrepreneur who has worked and brought together her store in the last six years. She needs credit to buy goods to restock her store and meet the transportation expenses. This loan would support her in running and expanding her store. Invest in Neingupeu, a self made entrepreneur today!
Neingupeu is a retailpreneur who works 8 hours a day for 6 days a week. With this loan Neingupeu will potentially obtain employment for 312 days.
The interest rate charged is split into returns for the social investor, fees for the impact partner and platform charges. Neingupeu Losou has consented to pay the interest as below:
Investee
pays
10.00% flat p.a.
18.00% APR
Social
Investor
4.00%
7.20% APR
Platform
charges
6.00%
10.80% APR
The following section provides a detailed view of the investee loan requirement.
Loan
amount
₹ 1,00,000
Loan
tenure
24 months
Moratorium
None
Repayment
mode
EMI
Investee
occupation
Apparel store
Entrepreneurs Associates (EA) was founded in 2001 to transform the landscape of despair and broken economy of Nagaland and foster the spirit of self-reliance & responsible leadership in the psyche of Nagas. They believe in the potential of inclusive and responsible entrepreneurship where entrepreneurship is accessible to all. For over 18 years, EA has been closely working in the field of entrepreneurship to promote local youth to take up entrepreneurship to bridge the widening vacuum of local enterprises all over the state. EA advocates the Naga youth to look beyond government jobs and seek out ways to contribute towards building the economy of the state. EA works with potential Naga entrepreneurs who have been denied credit from other sources. They train, mentor and finance these first generation entrepreneurs and help them set up successful businesses.
Rang De's partnership with EA works to a culture of entrepreneurship by making credit accessible to Naga entrepreneurs.
Rs 1,83,72,800
Disbursed
211
Investees
99.0%
Repayments
Access to finance has always been a challenge in Nagaland. Through Rang De, we can now provide low cost credit to our community with ease.
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