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#RootforRangDe

Rang De is India’s first social lending platform where you can invest in people from low income households and earn nominal - moderate returns.

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Sudama Devi

#determined#strong
Set Sudama up for success by investing in her beauty parlour

Beautypreneur

Rudraprayag, Uttarakhand

50,000 has been disbursed

364 potential days of livelihood i

22,222.2 is the current outstanding balance

100 0 0 27778 0 0

100%

0%

0%


About Sudama Devi

Mumpreneur Sudama Devi has been running a mini beauty parlour in Rudraprayag for the last one year. She is now seeking credit to stock up on a range of products that she requires to offer her services. Sudama is a determined woman and has been supporting her family single-handedly, as her husband Yogendra is not currently employed. She is a mother of two youngsters Ashish and Ashan, who are studying in school. Sudama is driven by her desire to give her children the best quality of education that she can afford, and she hopes this investment will help her business grow, and increase her income. Invest in Sudama as she leaps forward for her family.

I dream of running a full-fledged beauty parlour.

About Sudama Devi's livelihood

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

Interest Rate
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

Loan Details

The following section provides a detailed view of the investee loan requirement.

Loan
amount

50,000

Loan
tenure

18 months

Moratorium

None

Repayment
mode

EMI i

Investee
occupation

Beauty parlour

Investee Credit Rating i :
Rang De Credit Rating A B C
What it means Low Risk Medium Risk High Risk

B

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

Co-curated and referred by our Impact Partner

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

100%

Repayments

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

- UMM

0 more to go -409 days remaining

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