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Sonam Devi

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

Retailpreneur

Rudraprayag, Uttarakhand

25,000 has been disbursed

318 potential days of livelihood i

9,724.63 is the current outstanding balance

84.6 0 15.4 15275 2780 0

85%

15%

0%


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.

I dream of expanding my apparel store.

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.

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

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

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

86%

Repayments

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

- UMM

0 more to go -579 days remaining

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