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Rangilal

Service Entrepreneur

Basti, Uttar Pradesh

546 livelihood days

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Rangilal

##developmentalternatives #inclusiveentrepreneurship #JobsWeMake #microenterprises
Rangilal needs credit to invest in his Lime business.

Service Entrepreneur

Uttar Pradesh

546 potential days of livelihood

50,000 loan is fully repaid

50,000 loan is fully repaid


About Rangilal

Rangilal is a dynamic and successful entrepreneur who has created a niche for himself within the lime industry, particularly in the district of Basti in Uttar Pradesh. He was able to begin his business of supplying lime to various customers and businesses within the Basti district. He has now been able to acquire a wide customer base, thanks to his reputation for quality lime. He is now looking to grow his business further by purchasing more lime, a new packing machine, and boxes. Invest in Rangilal as he dreams to expand his business and sell lime in a wider market.

About Rangilal 's livelihood

Rangilal is a service entrepreneur who works 12 hours a day for 7 days a week. With this loan Rangilal will potentially obtain employment for 546 days.

Interest Rate

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

Investee
pays

8.00% flat p.a.

14.40% APR

Social
Investor

3.20%

5.76% APR

Platform
charges

4.80%

8.64% APR

Loan Details

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

Loan
amount

50,000

Loan
tenure

12 months

Moratorium

None

Repayment
mode

EMI

Investee
occupation

Others

Investee Credit Rating:
Very 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

Indian Micro Enterprises Development Foundation
   view website
Partner logo

Established in

1995

With Rang De from

2021

Founded by

Dr.Ashok Khosla

Indian Micro Enterprises Development Foundation (IMEDF) is a social enterprise promoted by Development Alternatives Group with a vision to promote inclusive growth and inspire environmental sustainability through development of micro - enterprises.

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3

3000

3

Total: ₹3000

FUNDS

INDIVIDUALS