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Sonam

Devi

Retailpreneur

Rudraprayag, Uttarakhand

318 livelihood days

Borrower Image 1 Borrower Image 2 Borrower Image 3 Borrower Image 4

Sonam

Devi

#ambitious#zealous
Invest in Sonam's electric sewing machine purchase as she supports her family

Retailpreneur

Uttarakhand

318 potential days of livelihood

25,000 loan is fully repaid

25,000 loan is fully repaid


About Sonam

Entrepreneur Sonam Devi has been running an apparel store for the last 16 years. Her income supports her husband, Kesav who works in the agricultural sector and her three-year-old Saurav. Now, Sonam is seeking credit to buy an electric sewing machine for her store so she can stitch garments to sell at the store. Her investment in a new sewing machine will enable her to boost her efficiency as she saves time and maximizes her output. This is just Sonam’s first step towards growth. With a young son to fend for, Sonam is determined to slowly but surely expand her apparel business and grow her family’s income. Join hands with spirited Sonam so she can tailor her success story.

About Sonam Devi 's livelihood

Sonam is a retailpreneur who works 7 hours a day for 7 days a week. With this loan Sonam 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. Sonam Devi has consented to pay the interest as below:

Investee
pays

10.00% flat p.a.

18.00% APR

Social
Investor

5.00%

9.00% APR

Platform
charges

5.00%

9.00% APR

Loan Details

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

Investee
occupation

Apparel store

Investee Credit Rating:
Good

Investee credit rating has been arrived at by our proprietary algorithm which factors in the following parameters: 1. Investee credit bureau scores 2. debt servicing ability

Co-curated and referred by our Impact Partner

Ushamath Mahila Mahasangh

   
Uttarakhand
Partner since 2019
Partner logo

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.

Rupees Icon

Rs 43,90,000

Disbursed
User circle icon

127

Investees
Repayment icon

98.0%

Repayments
Left quotes

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

- UMM
RIght quotes
whatsapp_icon

3

3000

3

Total: ₹3000

FUNDS

INDIVIDUALS