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Sukhdev Singh

#gogetter#persevering
Invest in young Sukhdev's welding machine purchase

Service Entrepreneur

Rudraprayag, Uttarakhand

35,000 has been disbursed

364 potential days of livelihood i

25,458.35 is the current outstanding balance

44.61 28.12 27.27 9542 5833 6014

45%

27%

28%


Young Sukhdev Singh runs a motor repair workshop in Rudraprayag, Uttarakhand. His income supports his parents, helping them make ends meet. Now, Sukhdev is seeking credit to purchase a welding machine for his workshop. He has already saved up a total of rupees 15,000 and needs an additional 35,000 to make the purchase. Through this upgrade, Sukhdev will be able to provide additional services at his workshop, and he hopes this will help his business grow. Sukhdev plans on soon opening a second workshop in his hometown. His dream is to expand his business and drive progress for his family. Support Sukhdev today.

My dream is to expand my business.

About Sukhdev Singh's livelihood

Sukhdev is a service entrepreneur who works 8 hours a day for 7 days a week. With this loan Sukhdev will potentially obtain employment for 364 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

35,000

Loan
tenure

18 months

Moratorium

None

Repayment
mode

EMI i

Investee
occupation

Construction

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

A

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

95%

Repayments

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

- UMM

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