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Rekha Devi

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

Beautypreneur

Rudraprayag, Uttarakhand

35,000 has been disbursed

318 potential days of livelihood i

9,723.71 is the current outstanding balance

100 0 0 25276 0 0

100%

0%

0%


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 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

35,000

Loan
tenure

18 months

Moratorium

None

Repayment
mode

EMI i

Investee
occupation

Beauty parlour

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

 

B

Rang De confidence score

 i


B


Partner
Rating i

B

Loan
Profile i

A

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

97%

Repayments

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

- UMM

0 more to go -545 days remaining

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