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Rekha

Devi

Agripreneur

Rudraprayag, Uttarakhand

227 livelihood days

Borrower Image 1 Borrower Image 2 Borrower Image 3 Borrower Image 4

Rekha

Devi

#pioneer#progressive
Support Rekha as she purchases a mule

Agripreneur

Uttarakhand

227 potential days of livelihood

40,000 loan is fully repaid

40,000 loan is fully repaid


About Rekha

Mumpreneur Rekha Devi is a resident of Rudraprayag, Uttarakhand. She has been working as a farmer for the past decade but is ready to take an entrepreneurial leap to better her family income. Rekha is seeking credit to purchase a mule to use as a form of transport during the pilgrimage season. She will use the mule to transport both goods and people up the difficult terrain of Rudraprayag to grow her monthly income. She hopes this will ease the financial burden off her husband, Ramesh. She wishes to secure a sound future for her children and make them successful in the future. Support determined Rekha as she wins for her sons.

About Rekha Devi 's livelihood

Rekha is an agripreneur who works 7 hours a day for 5 days a week. With this loan Rekha will potentially obtain employment for 227 days.

Interest Rate

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

Platform
charges

5.00%

9.00% APR

Loan Details

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

Loan
amount

40,000

Loan
tenure

18 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

Ushamath Mahila Mahasangh

   
Uttarakhand
Partner since 2019
Partner logo

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.

Rupees Icon

Rs 43,90,000

Disbursed
User circle icon

127

Investees
Repayment icon

98.0%

Repayments
Left quotes

We have partnered with Rang De to ensure financial inclusion to the most excluded communities of Uttarakhand.

- UMM
RIght quotes
whatsapp_icon

3

3000

3

Total: ₹3000

FUNDS

INDIVIDUALS