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Shira Devi

#aspirational#relentless
Foodie Shira wants to launch a food stall to nourish her passion for cooking

Food Entrepreneur

Rudraprayag, Uttarakhand

25,000 has been disbursed

318 potential days of livelihood i

15,277.77 is the current outstanding balance

87.5 0 12.5 9722 1389 0

88%

12%

0%


For 25 years, Shira Devi has been on her toes toiling on farms to make ends meet for her family. She and her husband, Balwant have both worked tirelessly for several years to educate their two sons. Currently, her older son works as a driver and the younger one has migrated to Mumbai to work as a chef. It's no denying that the love for food runs in the family. Shira wishes to cook to her heart's content. She has chosen to nourish her passion by earning a revenue from it. Shira has thus applied for a loan to open a food stall in her village. The loan will finance the purchase of new furniture, cooking pots, raw materials and a new gas connection. Shira hopes the revenue from her food stall will enable her to better the quality of life for her family as she works to establish her own shop in her village. Support aspirational Shira today.

My dream is to open a food stall.

About Shira Devi's livelihood

Shira is a food entrepreneur who works 7 hours a day for 7 days a week. With this loan Shira will potentially obtain employment for 318 days.

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

Investee
pays i

10.0% 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

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

Loan
amount

25,000

Loan
tenure

18 months

Moratorium

None

Repayment
mode

EMI i

Investee
occupation

Food stall

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

A

Financial
Profile i

B

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 -423 days remaining

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