false 0 0

Om Prakash

#enterprising#industrious
Oil the wheels of cab driver Om Prakash's business venture

Service Entrepreneur

Rudraprayag, Uttarakhand

35,000 has been disbursed

318 potential days of livelihood i

21,152.36 is the current outstanding balance

64.74 7.99 27.27 13848 5833 1708

65%

27%

8%


Father and husband Om Prakash is an entrepreneur readying himself to grow his business. He works as a cab driver and uses his own vehicle to offer cab services to clients travelling long distances across Rudraprayag. Now, determined Om Prakash is seeking a loan to make vital repairs to his vehicle so he can offer smooth services. The repairs will help Om cut down on the time he loses because of the car breaking down during travel. In addition, a smooth-running vehicle will enable Om to make more cab rides within the day earning him better financial returns. This is the first step among many steps that hardworking Om is preparing for as he strives to further expand and grow his business. Fund Om today!

My dream is to expand my business.

About Om Prakash's livelihood

Om is a service entrepreneur who works 7 hours a day for 7 days a week. With this loan Om will potentially obtain employment for 318 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

35,000

Loan
tenure

18 months

Moratorium

None

Repayment
mode

EMI i

Investee
occupation

Transport services

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

 

A

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

97%

Repayments

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

- UMM

0 more to go -547 days remaining

added to cart