false
false 0 0

Rekha Devi

#pioneer#progressive
Support Rekha as she purchases a mule

Agripreneur

Rudraprayag, Uttarakhand

40,000 has been disbursed

227 potential days of livelihood i

22,443.64 is the current outstanding balance

60.77 16.15 23.08 17556 6667 4666

61%

23%

16%


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.

My dream is to start a mule rearing business.

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.

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

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 i

Investee
occupation

Animal husbandry

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

Ushamath Mahila Mahasangh

Uttarakhand
Partner since 2019

About

UMM works with women SHG groups in the remotest parts of Uttarakhand. To stop the tremendous migration of people from this region, UMM works to build self-sufficient entrepreneurs from the community.

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

86%

Repayments

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

- UMM

0 more to go -511 days remaining

added to cart