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Suman Singh

#dreamer#gogetter
Enable Suman make repairs to his vehicle so he can boost his cab ride services

Service Entrepreneur

Rudraprayag, Uttarakhand

35,000 has been disbursed

318 potential days of livelihood i

15,555.5 is the current outstanding balance

71.43 7.14 21.43 19444 5833 1944

71%

21%

7%


Working seven days a week for seven hours each day is entrepreneur, Suman Singh. He owns a vehicle that he uses to provide cab services to the residents of Rudraprayag. His income supports his two sons; Rishav and Aditiya who are both enrolled in school and his wife, Anita, who works in the agricultural sector. Suman is now seeking credit to make necessary repairs to his vehicle so it can run smoothly and he can provide more cab rides. He hopes this advancement will help him earn a better income. His dream is to run a full-fledged travel business to cater to the tourists that visit the region. Join Suman on his exciting journey.

My dream is to open a travel business.

About Suman Singh's livelihood

Suman is a service entrepreneur who works 7 hours a day for 7 days a week. With this loan Suman 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

35,000

Loan
tenure

18 months

Moratorium

None

Repayment
mode

EMI i

Investee
occupation

Transport services

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

B

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

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