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Shobha H C Manju H A

#Mumpreneur# Creative
Foster fashion with Shobha's innovations

Retailpreneur

Mysuru, Karnataka

30,000 has been disbursed

273 potential days of livelihood i

4,999.95 is the current outstanding balance

83.33 0 16.67 25000 5000 0

83%

17%

0%


Shobha HC Manju hails from Hosuru. She sells apparel wear at her store in her village and her income helps support her family and children. The designer in Shobha wants to explore embroidery so she can create beautiful outfits for the women of the district. A purchase of an embroidery machine is the next step for her on this exciting journey. She hopes to one day also be trained to use a computer. Indian fashion is conquering the world and women like Shobha play an important role in this big picture.

I hope to run a well-established apparel store.

About Shobha H C Manju H A's livelihood

Shobha H C is a retailpreneur who works 6 hours a day for 7 days a week. With this loan Shobha H C will potentially obtain employment for 273 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

30,000

Loan
tenure

18 months

Moratorium

None

Repayment
mode

EMI i

Investee
occupation

Apparel 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

 

B

Rang De confidence score

 i


B


Partner
Rating i

B

Loan
Profile i

A

Financial
Profile i

B

VILD Foundation

Karnataka
Partner since 2019

About

VILD Foundation has been working to improve the socio-economic status of communities through formation and promotion of SHGs, microcredit and facilitating income generation activities. Presently they facilitate around 311 SHGs covering 90 villages & 6 towns in Mysore district.

Impact Narrative

Rang De loans are enabling street vendors, farmers and micro entrepreneurs in rural Mysore to build and grow their businesses.

Rs 14,35,000

Disbursed

85

Investees

96%

Repayments

Rang De's concern towards excluded communities is reflected in the interest rates that are offered to the borrowers.

- N Mahadevswamy, Senior Manager, VILD

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