Rekha Devi

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

Beautypreneur

Rudraprayag, Uttarakhand

318 potential days of livelihood i

35,000 is ready for disbursal


About Rekha Devi

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.

Interest Rate

The interest rate charged is split into returns for the social investor, fees for the impact partner and platform charges. The breakup depends on whether the social investor is a Seeker or Believer.

i

Investee pays i

10.0% flat p.a.

18.0% APR

Social Investor i

2.0%

3.6% APR

Impact Partner i

up to 5.0%

9.0% APR

Platform charges i

3.0%

5.4% APR

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

Loan Details

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

Loan amount

35,000

Loan tenure

18 months

Previous loans

0

Investee occupation

Beauty parlour

Investee Credit Rating i :
Rang De Credit Rating A B C
What it means Low Risk Medium Risk High Risk

A

The rating is derived from the following data points.

Credit bureau score i

 

B

Rang De confidence score

 i


63.0%   

A

×

Partner Rating i

B

Loan Profile i

A

Financial Profile i

A


Co-curated and referred by our Impact Partner
Ushamath Mahila Mahasangh

Established in

2003

With Rang De from

2019

Founded by

Promoted by AT India Organization

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.

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