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Shishupal

Singh

logoFood Entrepreneur

logo Rudraprayag, Uttarakhand

logo 318 livelihood days i

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

Shishupal

Singh

#pioneer#motivated
Fund Shishupal as he establishes a flour mill for his community

logoFood Entrepreneur

logo Rudraprayag, Uttarakhand

logo 318 potential days of livelihood i

40,000 loan is fully repaid

40,000 loan is fully repaid


Shishupal Singh is a resident of Rudraprayag, Uttarakhand. He has ten years of experience working as a farmer but has now decided to venture out as an entrepreneur and open a flour mill in his locality. For several years, Shishupal has dreamt of opening the mill but has been unable to because of the lack of funds. Now, with the availability of credit, he hopes he will be able to finally launch his dream business, a flour mill for the residents of his town. This new venture will also enable him to grow his income and save funds to educate his two young children who are studying. Support Shishupal as he pioneers development and progress for his community.

My dream is to launch a small flour mill.

About Shishupal Singh 's livelihood

Shishupal is a food entrepreneur who works 7 hours a day for 7 days a week. With this loan Shishupal 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

10.00% 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

18 months

Moratorium

None

Repayment
mode

EMI i

Investee
occupation

Food 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

Ushamath Mahila Mahasangh

   
Uttarakhand
Partner since 2019

About

UMM is an apex federation of women SHGs established in 2005, registered under Uttrakhand self-reliant cooperative act 2003, to meet the financial service needs of the poor living in one of the most underserved areas of Uttrakhand. UMM's mandate has been to focus on solutions that provide direct socio economic improvement to the marginalized and low-income households. AT India and UMM work in a predominantly rural, hill-based economy. There are limited avenues to credit access and lack of sustainable livelihood sources in these regions.

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

98.0%

Repayments

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

- UMM
whatsapp_icon

3

3000

3

Total: ₹3000

Your Investees

Total Lives Impacted

0

Days of Livelihood

0