1
#RootforRangDe

Rang De is India’s first social lending platform where you can invest in people from low income households and earn nominal - moderate returns.

false 0 0

Seetaram siddhu lal

#determined#gogetter
Support Seetaram make repairs to his vehicle so his business can run smoothly

Service Entrepreneur

Rudraprayag, Uttarakhand

40,000 has been disbursed

318 potential days of livelihood i

26,666.62 is the current outstanding balance

100 0 0 13333 0 0

100%

0%

0%


About Seetaram siddhu lal

Working seven days a week for seven hours each day is ambitious Seetaram Siddhu Lal. He runs a transport service business to help support his family. His wife, Sampati Devi earns an income of Rs.4,000 per month by working in the agriculture sector. Now, Seetaram is seeking credit to make vital repairs to his car which has not been running smoothly. He hopes that servicing his car will allow him to make the most out of it during the hours he works, and enable him to maximize his output thus growing his monthly income. His dream is to then buy one more vehicle to use as a cab. By funding in industrious Seetaram, you can help set off a chain reaction to expand his fleet of vehicles and his cab business. Join hands with him today.

My dream is to buy one more vehicle to provide cab services.

About Seetaram siddhu lal's livelihood

Seetaram siddhu is a service entrepreneur who works 7 hours a day for 7 days a week. With this loan Seetaram siddhu 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.

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

40,000

Loan
tenure

18 months

Moratorium

None

Repayment
mode

EMI i

Investee
occupation

Transport services

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

B

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

A

Co-curated and referred by our Impact Partner

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

100%

Repayments

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

- UMM

0 more to go -397 days remaining

added to cart