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#RootforRangDe

Rang De is India’s first social lending platform where you can invest in people from low income households and earn nominal - moderate returns.

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Prem Devi

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

Agripreneur

Ajmer, Rajasthan

45,000 has been disbursed

364 potential days of livelihood i

28,125 is the current outstanding balance

100 0 0 16875 0 0

100%

0%

0%


About Prem Devi

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.

Make her Son a Builder

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.

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

45,000

Loan
tenure

24 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

 

A

Rang De confidence score

 i


B


Partner
Rating i

B

Loan
Profile i

B

Financial
Profile i

B

Co-curated and referred by our Impact Partner

Rajasthan Mahila Kalyan Mandal

Rajasthan
Partner since 2019

About

RMKM began working in the field of disability and rehabilitation in 1988, but has expanded to support the children and women of Rajasthan in many ways. RMKM works to create empowered women entrepreneurs by providing them with access to education, health services and credit.

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

80

Investees

100%

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

0 more to go -383 days remaining

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