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Ramesh

Lal

logoRetailpreneur

logo Rudraprayag, Uttarakhand

logo 318 livelihood days Number of days of productive livelihood activity that this loan will potentially facilitate

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

Ramesh

Lal

#talented#zealous
Invest in Ramesh’s success as he thoughtfully expands his tailoring business

logoRetailpreneur

logo Rudraprayag, Uttarakhand

logo 318 potential days of livelihood Number of days of productive livelihood activity that this loan will potentially facilitate

25,000 loan is fully repaid

25,000 loan is fully repaid


Rudraprayag resident Ramesh Lal is thinking expansion. He is a talented tailor who is hoping to expand his business and draw in more customers. The loan he has applied for will help him purchase one automatic and two manual sewing machines, as well as furniture and decor for his tailoring shop. The new equipment will mean he can increase the output of his business, and serve more customers. Ramesh is hoping the additional income can be saved up for the construction of his dream house. Ramesh truly has got his eyes on the details. Support him tailor his success story!

My dream is to construct my own 'pucca' house so that I can lead a happy life with my family.

About Ramesh Lal's livelihood

Ramesh is a retailpreneur who works 7 hours a day for 7 days a week. With this loan Ramesh will potentially obtain employment for 318 days.

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

Investee
pays The rate of interest charged to the investee

10.00% flat p.a.

18.00% APR

Social
Investor The rate of return an investor makes

5.00%

9.00% APR

Impact
Partner The rate of return an impact partner makes

up to 5.00%

9.00% APR

Platform
charges The charges, the platform incurs by offering it's services

0.00%

0.00% APR

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

Loan
amount

25,000

Loan
tenure

18 months

Moratorium

None

Repayment
mode

EMI Equated Monthly Instalment

Investee
occupation

Apparel store

The credit rating of the investee is arrived at by using a proprietary algorithm that factors in the investee’s credit score and the performance rating of the Impact Partner.

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