Om Prakash

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

Service Entrepreneur

Rudraprayag, Uttarakhand

318 potential days of livelihood i

35,000 is ready for disbursal


About Om Prakash

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.

Interest Rate

The interest rate charged is split into returns for the social investor, fees for the impact partner and platform charges. The breakup depends on whether the social investor is a Seeker or Believer.

i

Investee pays i

10.0% flat p.a.

18.0% APR

Social Investor i

2.0%

3.6% APR

Impact Partner i

up to 5.0%

9.0% APR

Platform charges i

3.0%

5.4% APR

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

Loan Details

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

Loan amount

35,000

Loan tenure

18 months

Previous loans

0

Investee occupation

Transport services

Investee Credit Rating i :
Rang De Credit Rating A B C
What it means Low Risk Medium Risk High Risk

A

The rating is derived from the following data points.

Credit bureau score i

 

A

Rang De confidence score

 i


57.0%   

A

×

Partner Rating i

B

Loan Profile i

A

Financial Profile i

A


Co-curated and referred by our Impact Partner
Ushamath Mahila Mahasangh

Established in

2003

With Rang De from

2019

Founded by

Promoted by AT India Organization

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.

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