Food Entrepreneur
Kohima, Nagaland
1,00,000 has been disbursed
390 livelihood days
Food Entrepreneur
Kohima, Nagaland
1,00,000 has been disbursed
390 potential days of livelihood
₹ 33,333.28 is
the current outstanding balance
94%
6%
0%
Ruguozenuo Neo is an entrepreneur from Kohima, Nagaland. She has been running a food store for over six years and wishes to expand it now. She needs a loan and it will be used for shop renovation, to purchase stocks, and pay for transportation and other expenses. She will be able to deliver better foods and services to the customers. She hopes to earn better by attracting more customers to her store. Invest in Ruguozenuo today!
Ruguozenuo is a food entrepreneur who works 10 hours a day for 6 days a week. With this loan Ruguozenuo will potentially obtain employment for 390 days.
The interest rate charged is split into returns for the social investor, fees for the impact partner and platform charges.
Investee
pays
10.00% flat p.a.
18.00% APR
Social
Investor
4.00%
7.20% APR
Impact
Partner
up to 4.00%
7.20% APR
Platform
charges
2.00%
3.60% APR
The following section provides a detailed view of the investee loan requirement.
Loan
amount
₹ 1,00,000
Loan
tenure
24 months
Moratorium
None
Repayment
mode
EMI
Investee
occupation
Food store
Entrepreneurs Associates (EA) was founded in 2001 to transform the landscape of despair and broken economy of Nagaland and foster the spirit of self-reliance & responsible leadership in the psyche of Nagas. They believe in the potential of inclusive and responsible entrepreneurship where entrepreneurship is accessible to all. For over 18 years, EA has been closely working in the field of entrepreneurship to promote local youth to take up entrepreneurship to bridge the widening vacuum of local enterprises all over the state. EA advocates the Naga youth to look beyond government jobs and seek out ways to contribute towards building the economy of the state. EA works with potential Naga entrepreneurs who have been denied credit from other sources. They train, mentor and finance these first generation entrepreneurs and help them set up successful businesses.
Rang De's partnership with EA works to a culture of entrepreneurship by making credit accessible to Naga entrepreneurs.
Rs 1,80,72,800
Disbursed
205
Investees
98.0%
Repayments
Access to finance has always been a challenge in Nagaland. Through Rang De, we can now provide low cost credit to our community with ease.
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