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#RootforRangDe

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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Nirmal Giri Goswami

#entrepreneur#hustler
Nirmal needs credit to expand his business.

Retailpreneur

Bageshwar, Uttarakhand

75,000 has been disbursed

455 potential days of livelihood i

68,750 is the current outstanding balance

100 0 0 6250 0 0

100%

0%

0%


About Nirmal Giri Goswami

Nirmal lives with a family of four. He owns a business in Bageshwar, Uttarakhand. He owns a computer services centre, where he helps villages with technical services. He is looking to expanding the business. Expanding the business would mean a higher income for the family. He wishes to use this credit to buy new systems and furnishing his shop. This credit would help in making his dreams come true.

I wish to grow my business and be able to employ the locals in my shop.

About Nirmal Giri Goswami's livelihood

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

4.0%

7.2% APR

Impact
Partner i

up to 5.0%

9.0% APR

Platform
charges i

1.0%

1.8% APR

Loan Details

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

Loan
amount

75,000

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
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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