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Om

Prakash

logoService Entrepreneur

logo Rudraprayag, Uttarakhand

logo 318 livelihood days i

b-img b-img b-img b-img

Om

Prakash

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

logoService Entrepreneur

logo Rudraprayag, Uttarakhand

logo 318 potential days of livelihood i

35,000 loan is fully repaid

35,000 loan is fully repaid


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

10.00% flat p.a.

18.00% APR

Social
Investor i

5.00%

9.00% APR

Impact
Partner i

up to 5.00%

9.00% APR

Platform
charges i

0.00%

0.00% 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 is an apex federation of women SHGs established in 2005, registered under Uttrakhand self-reliant cooperative act 2003, to meet the financial service needs of the poor living in one of the most underserved areas of Uttrakhand. UMM's mandate has been to focus on solutions that provide direct socio economic improvement to the marginalized and low-income households. AT India and UMM work in a predominantly rural, hill-based economy. There are limited avenues to credit access and lack of sustainable livelihood sources in these regions.

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

98.0%

Repayments

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

- UMM
whatsapp_icon

3

3000

3

Total: ₹3000

Your Investees

Total Lives Impacted

0

Days of Livelihood

0