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Prema Bisht

#hardworking#breadwinner
Prema needs credit to grow her handicrafts business.

Creative Entrepreneur

Nainital, Uttarakhand

75,000 has been disbursed

455 potential days of livelihood i

43,750 is the current outstanding balance

100 0 0 31250 0 0

100%

0%

0%


Prema Bisht lives with a family of four. She owns a business in handlooms and handicrafts at Nanital, Uttarakhand. She is looking to expanding the business. Expanding the business would mean a higher income for the family. She will use this credit to buy beautiful wool and raw material such cloth. She also uses these materials to tailor beautiful sweaters. With the winter season closing in, Prema will be able to use make huge profits. This credit would help in making her dreams come true. Invest in Prema today.

I wish to start my own clothing brand.

About Prema Bisht's livelihood

Prema is a creative entrepreneur who works 10 hours a day for 7 days a week. With this loan Prema will potentially obtain employment for 455 days.

The interest rate charged is split into returns for the social investor, fees for the impact partner and platform charges.

Investee
pays i

10.0% flat p.a.

18.0% APR

Social
Investor i

4.0%

7.2% APR

Impact
Partner i

up to 5.0%

9.0% APR

Platform
charges i

1.0%

1.8% APR

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

Loan
amount

75,000

Loan
tenure

24 months

Moratorium

None

Repayment
mode

EMI i

Investee
occupation

Handicrafts

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

B

Financial
Profile i

A

Udhyam housed under Agrani India Foundation

Established in

2017

With Rang De from

2020

Founded by

Pankaj Wadhwa

Udhyam Entrepreneurs' rural entrepreneurship program was conceived by the people working in Uttarakhand to encourage entrepreneurial development in rural communities of the Kumaon region of Uttarakhand. The idea behind the “Changemakers” program is to create entrepreneurs who create jobs and opportunities through mentoring and providing credit. As change agents, they facilitate this idea by being the drivers of change, further in their communities by creating a buzz about entrepreneurship and role models in the community.

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