Parmod Singh

#dreamer#humble
Help Pramod save for his daughter's wedding by growing his business

Agripreneur

Rudraprayag, Uttarakhand

35,000 has been disbursed

318 potential days of livelihood i

25,278.35 is the current outstanding balance

71.42 0 28.58 9722 3890 0

71%

29%

0%


About Parmod Singh

Passionate Pramod has one dream. He wants to one day see his only daughter happily married. He also wants to ensure that he is able to cover the costs of the jewellery he would like to gift her during her marriage. In order to ensure his savings are in place well ahead of time, Pramod is venturing out to make advancements in his livelihood. He plans to purchase a cow with the help of this loan, so that he can potentially increase milk sales, and hence his income. His long term plan is to start a full-fledged independent dairy business, so he can better provide for his small family. Fund Pramod to make his humble dream a reality.

My dream is to be able to finance jewellery purchases for my daughter’s wedding.

About Parmod Singh 's livelihood

Parmod is an agripreneur who works 7 hours a day for 7 days a week. With this loan Parmod 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.

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

Moratorium

None

Repayment
mode

EMI i

Investee
occupation

Animal husbandry

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

No credit history available

 

Rang De confidence score

 i


B


Partner
Rating i

B

Loan
Profile i

A

Financial
Profile i

A

Co-curated and referred by our Impact Partner

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

100%

Repayments

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

- UMM

0 more to go -419 days remaining

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