Invest in Prem on Rang De

Prem

Devi

Agripreneur

Ajmer, Rajasthan

364 livelihood days

Prem

Devi

#enterprising#passionate

Join Prem as she buys a buffalo to fuel her son's future

Agripreneur

Rajasthan

364 potential days of livelihood

₹ 45,000 loan is fully repaid

About Prem

Prem Devi is a resident of Ajmer, Rajasthan. She has been running a small animal husbandry business for the past five years to support her family. Her husband, Sita Ram no longer works and her daughter Suman is currently studying. Prem is supported by her son Mahaveer who shares the role of a breadwinner with his mother by working as a wage labourer. Prem is seeking credit to finance the purchase of a buffalo and fodder. She wishes to add to her herd so she can grow her daily milk sales and her income eventually. By doing so, Prem hopes she will be able to support her son as he strives to become a successful contractor and support their family. Invest in Prem as she wins for her family.

About Prem Devi's livelihood

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

Interest Rate

The interest rate charged is split into returns for the social investor, fees for the impact partner and platform charges. Prem Devi has consented to pay the interest as below:

Investee
pays

10.00% flat p.a.

18.00% APR

Social
Investor

5.00%

9.00% APR

Impact
Partner

up to 5.00%

9.00% APR

Platform
charges

0.00%

0.00% APR

Loan Details

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

Loan
amount

₹ 45,000

Loan
tenure

24 months

Moratorium

None

Repayment
mode

EMI

Investee
occupation

Animal husbandry

Investee Credit Rating:

Good

Investee credit rating has been arrived at by our proprietary algorithm which factors in the following parameters: 1. Investee credit bureau scores 2. debt servicing ability

Co-curated and referred by our Impact Partner

Rajasthan Mahila Kalyan Mandal

Rajasthan

Partner since 2019

About

Rajasthan Mahila Kalyan Mandal Sanstha, Ajmer founded in 1975 started working in the field of disability & rehabilitation since 1988. Organization started Community Based Rehabilitation program in 1998 for those Children With Special Needs who couldn’t reached Day Care Centre due to transport or any other reason. Presently, Organization is working with more than 1900 CWSN in Rajasthan. RMKM works with rural communities and Persons With Disability to rehabilitate them by enabling ownership over environment, institutions and communication. The areas in which we work towards a more empower and equitable future are as follows: Education and Inclusion, Health, Livelihood Promotion and Micro-Credit, Human Resources Development

Impact Narrative

Credit is virtually inaccessible to the women entrepreneurs in Rajasthan. The Rang De loans are designed to empower these women to start and grow their businesses.

Rs 37,05,000

Disbursed

Investees

100.0%

Repayments

Rang De works with the same mission as ours - upliftment and welfare of the poor, backward and the specially abled, leading to their respectful and dignified life in the society.

- Nanu Lal Prajapati, Head of Livelihoods project, RMKM

Notifications

Prem

Devi

Prem