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Suman

Devi

logoRetailpreneur

logo Rudraprayag, Uttarakhand

logo 312 livelihood days i

b-img b-img b-img b-img

Suman

Devi

#mumpreneur# dreamer# spirited
Revamp Suman Devi's apparel store

logoRetailpreneur

logo Rudraprayag, Uttarakhand

logo 312 potential days of livelihood i

25,000 loan is fully repaid

25,000 loan is fully repaid


Suman Devi is an ambitious woman. She juggles being a full time mother while simultaneously running an apparel store in Rudraprayag. Now, Suman wishes to expand her business venture by adding more clothing to the store. This will help support her husband who works in the agricultural sector and will also let Suman save up money to construct a house in Guptkashi for her family and her. The loan will help boost the sales at the store by drawing in more customers and in the process empower Suman as she strives to become a successful businesswoman.

I dream of educating my children and building a house for my family in Guptkashi.

About Suman Devi's livelihood

Suman is a retailpreneur who works 8 hours a day for 6 days a week. With this loan Suman will potentially obtain employment for 312 days.

The interest rate charged is split into returns for the social investor, fees for the impact partner and platform charges.

Investee
pays i

10.00% flat p.a.

18.00% APR

Social
Investor i

5.00%

9.00% APR

Impact
Partner i

up to 5.00%

9.00% APR

Platform
charges i

0.00%

0.00% 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

B

Ushamath Mahila Mahasangh

   
Uttarakhand
Partner since 2019

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.

Rs 43,90,000

Disbursed

127

Investees

98.0%

Repayments

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

- UMM
whatsapp_icon

3

3000

3

Total: ₹3000

Your Investees

Total Lives Impacted

0

Days of Livelihood

0