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Renu

Devi

logoRetailpreneur

logo Ajmer, Rajasthan

logo 364 livelihood days i

b-img b-img b-img b-img

Renu

Devi

#inspiring#ambitious
Fund Renu's retail store upgrade as she saves up for medical school

logoRetailpreneur

logo Ajmer, Rajasthan

logo 364 potential days of livelihood i

40,000 loan is fully repaid

40,000 loan is fully repaid


Renu Devi is a determined young woman. She has a big dream and wants to enrol into medical school to become a doctor. However, young Renu is still working hard to support her family so they can become financially stable. Before she started working, her father, Satynaran was the sole breadwinner of her family, Her brother Hansraj is still studying in school and their mother, Seema is a homemaker. Renu currently runs a retail store in Ajmer, Rajasthan where she sells grocery items and other daily use items. She is now seeking credit to restock the store with many more items. She also wants to revamp the store with some furniture to display and store her larger collection of items. In the future, Renu is looking to establish a wholesale store to better her income, and the quality of life for her family. Fund inspiring Renu today.

My dream is to become a doctor.

About Renu Devi's livelihood

Renu is a retailpreneur who works 8 hours a day for 7 days a week. With this loan Renu will potentially obtain employment for 364 days.

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

Investee
pays i

10.00% flat p.a.

18.00% APR

Social
Investor i

5.00%

9.00% APR

Impact
Partner i

up to 5.00%

9.00% APR

Platform
charges i

0.00%

0.00% APR

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

Loan
amount

40,000

Loan
tenure

24 months

Moratorium

None

Repayment
mode

EMI i

Investee
occupation

Retail store

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

B

Rajasthan Mahila Kalyan Mandal

   
Rajasthan
Partner since 2019

About

Rajasthan Mahila Kalyan Mandal Sanstha, Ajmer founded in 1975 started working in the field of disability & rehabilitation since 1988. Organization started Community Based Rehabilitation program in 1998 for those Children With Special Needs who couldn’t reached Day Care Centre due to transport or any other reason. Presently, Organization is working with more than 1900 CWSN in Rajasthan. RMKM works with rural communities and Persons With Disability to rehabilitate them by enabling ownership over environment, institutions and communication. The areas in which we work towards a more empower and equitable future are as follows: Education and Inclusion, Health, Livelihood Promotion and Micro-Credit, Human Resources Development

Impact Narrative

Credit is virtually inaccessible to the women entrepreneurs in Rajasthan. The Rang De loans are designed to empower these women to start and grow their businesses.

Rs 37,05,000

Disbursed

80

Investees

98.0%

Repayments

Rang De works with the same mission as ours - upliftment and welfare of the poor, backward and the specially abled, leading to their respectful and dignified life in the society.

- Nanu Lal Prajapati, Head of Livelihoods project, RMKM
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3

3000

3

Total: ₹3000

Your Investees

Total Lives Impacted

0

Days of Livelihood

0