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Praveen

Singh

logoRetailpreneur

logo Rudraprayag, Uttarakhand

logo 364 livelihood days i

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

Praveen

Singh

#determined#zealous
Finance young Praveen's retail store restock as he dreams of buying a car

logoRetailpreneur

logo Rudraprayag, Uttarakhand

logo 364 potential days of livelihood i

35,000 loan is fully repaid

35,000 loan is fully repaid


Praveen Singh is a young entrepreneur who has been running his retail store for the past five years. At present, he lives with his parents who are no longer working and his brother, Arvind who is studying. Praveen plans on expanding his shop so he can grow his monthly income to better support his family. He is seeking credit to restock daily essential items such as flour, rice, and oil in his store, so he can make increased sales by serving more customers. More sales mean Praveen will be able to set aside some funds to further expand his shop. He also hopes that the progress will enable him to buy a car in the near future. Invest in determined Praveen today.

My dream is to one day buy a car.

About Praveen Singh 's livelihood

Praveen is a retailpreneur who works 8 hours a day for 7 days a week. With this loan Praveen will potentially obtain employment for 364 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

Retail store

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

No credit history available

 

Rang De confidence score

 i


B

Partner Rating i

B

Loan Profile i

A

Financial Profile i

B

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