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Nirmala Barman

#hustler#dedicated
Help Nirmala expand her business and lead a quality life.

Creative Entrepreneur

Bongaigaon, Assam

40,000 has been disbursed

227 potential days of livelihood i

33,333.32 is the current outstanding balance

100 0 0 6667 0 0

100%

0%

0%


Nirmala is a self-made entrepreneur from Bongaigaon, Assam. She has been into tailoring and embroidery works for over twelve years. The COVID-19 pandemic affected Nirmala's business badly and it put her under financial stress. To get her business back to life, she needs some credit. She will use the credit to purchase threads, designing materials, clothes, and a new sewing machine. She hopes, in this way, she will be able to get more customers and bring back financial stability to the family. Support Nirmala today!

I wish to set up a proper shop for my embroidery business.

About Nirmala Barman's livelihood

Nirmala is a creative entrepreneur who works 5 hours a day for 7 days a week. With this loan Nirmala will potentially obtain employment for 227 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 4.0%

7.2% APR

Platform
charges i

2.0%

3.6% APR

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

Loan
amount

40,000

Loan
tenure

12 months

Moratorium

None

Repayment
mode

EMI i

Investee
occupation

Embroidery

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

A

Financial
Profile i

A

Seven Sisters Development Assistance

Established in

2011

With Rang De from

2020

Founded by

Aswini Bhattacharya

Award winning NGO Seven Sisters Development Assistance (SeSTA) works with more than 32,000 families in 470 far flung villages spread across 14 districts in three States (Assam, Meghalaya and Tripura) through 3000 Self Help Groups (SHGs). SeSTA has 23 professional field teams at the block level in all the working districts. SeSTA collectivizes women to form Self Help Groups (SHGs), builds their capabilities and strengthens livelihood systems to alleviate mass poverty in these far-flung villages. Through its work on agriculture interventions in food crop and vegetable crops, Natural Resources Management and intensification and diversification of other livelihoods portfolio like goat rearing, piggery, fisheries, mushroom cultivation etc. SeSTA has addressed the issues of economic disempowerment and discrimination in far flung villages of the NE. Despite being a new entity, SeSTA is today supported by renowned agencies in the development spaces including APPI, Tata Trusts, Indigo, NABARD etc. It is also the technical support partner for State Rural Livelihoods Mission in Arunachal Pradesh, Nagaland and Mizoram apart from being a direct engagement partner in Assam and Tripura. The organization has won the India Development Marketplace Award 2014 by World Bank and Chief Minister’s Best Action Award for Community Development. SeSTA has also won the prestigious Polestar award in the Social Impact category for the year 2019.

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