false
false 0 0 nDCPyLggYP

Rekha

Devi

logoBeautypreneur

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

Rekha

Devi

#progressive#committed
Support Rekha revamp the winter collection in her apparel store

logoBeautypreneur

logo Rudraprayag, Uttarakhand

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

35,000 loan is fully repaid

35,000 loan is fully repaid


Rekha Devi has been running her apparel business for five years serving customers for seven days a week. Now, determined Rekha wants to uplift her store by restocking the winter apparel wear before the cold season approaches. She is seeking credit to make the upgrade to her store and hopes the restock will attract more customers enabling her to make good financial returns. She hopes she will be able to save up funds to finance her son Milan’s higher education and better support her husband Mukundi who works in the agricultural sector. Her big dream is to also open her business in Ukhimath by setting up a store there. Fund Rekha’s dream today.

My dream is to open a store in Ukhimath.

About Rekha Devi's livelihood

Rekha is a beautypreneur who works 7 hours a day for 7 days a week. With this loan Rekha 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

35,000

Loan
tenure

18 months

Moratorium

None

Repayment
mode

EMI Equated Monthly Instalment

Investee
occupation

Beauty parlour

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