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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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Nuduzo Soho

#entrepreneur#keen
Nuduzo needs a loan to expand his store.

Retailpreneur

Phek, Nagaland

1,50,000 has been disbursed

364 potential days of livelihood i

112,500 is the current outstanding balance

75 0 25 37500 12500 0

75%

25%

0%


About Nuduzo Soho

Nuduzo is a skilled entrepreneur and expert retailer from Phek, Nagaland. He has been running a small stationery store for over six years. He has created a good income for his family of five. His customers are looking for more products, and Nuduzo is enthusiastic to meet their needs. He needs a loan to expand the range of products available at the store. Receiving a formal loan will also help him build a credit score, which in the long run will make it easier for him to access institutional credit.

I wish to become a successful businessman.

About Nuduzo Soho's livelihood

Nuduzo is a retailpreneur who works 8 hours a day for 7 days a week. With this loan Nuduzo 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

4.0%

7.2% APR

Impact
Partner i

up to 4.0%

7.2% APR

Platform
charges i

2.0%

3.6% APR

Loan Details

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

Loan
amount

1,50,000

Loan
tenure

12 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

 

A

Rang De confidence score

 i


B


Partner
Rating i

B

Loan
Profile i

B

Financial
Profile i

B

Co-curated and referred by our Impact Partner

Entrepreneurs Associates

Nagaland
Partner since 2019

About

EA was founded to transform the broken economy of Nagaland, and foster a spirit of self-reliance & responsible leadership in the psyche of Nagas. They train, mentor and finance first generation entrepreneurs and help them set up successful businesses.

Impact Narrative

Rang De's partnership with EA works to a culture of entrepreneurship by making credit accessible to Naga entrepreneurs.

Rs 1,00,92,800

Disbursed

140

Investees

100%

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.

- Chubazen lkr, Assistant Program Manager, EA

0 more to go -126 days remaining

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