Rang De is India’s first social lending platform where you can invest in people from low income households and earn nominal - moderate returns.
Retailpreneur
Phek, Nagaland
₹ 1,00,000 has been disbursed
364 potential days of livelihood i
₹ 63,966.65 is the current outstanding balance
100%
0%
0%
Rukuto Rhakho is an entrepreneur. He owns a retail store in Phek, Nagaland. The revenue from this business serves as an income for his family of seven. Rukuto wishes to expand his business and is seeking credit for the same. Invest in Rukuto and improve his family income.
My dream is to become a successful businessman, earn enough to buy a plot of land, and also enjoy a secure future with my family.
Rukuto is a retailpreneur who works 8 hours a day for 7 days a week. With this loan Rukuto will potentially obtain employment for 364 days.
Investee
pays i
10.0% flat p.a.
18.0% APR
Social
Investor i
4.0%
7.2% APR
Impact
Partner i
up to 4.0%
7.2% APR
Platform
charges i
2.0%
3.6% APR
The following section provides a detailed view of the investee loan requirement.
Loan
amount
₹ 1,00,000
Loan
tenure
12 months
Moratorium
None
Repayment
mode
EMI i
Investee
occupation
Retail store
EA was founded to transform the broken economy of Nagaland, and foster a spirit of self-reliance & responsible leadership in the psyche of Nagas. They train, mentor and finance 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 1,00,92,800
Disbursed
140
Investees
100%
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.
₹ added to cart
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