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Sumitra

Shrma

Service Entrepreneur

Ajmer, Rajasthan

364 livelihood days

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Sumitra

Shrma

#progressive#breadwinner
Support Sumitra in expanding her unique water supply business

Service Entrepreneur

Rajasthan

364 potential days of livelihood

40,000 loan is fully repaid

40,000 loan is fully repaid


About Sumitra

Sumitra Sharma's six-year-old business is all about serving her community. She lives with her parents and her brother and is the sole breadwinner of the family. She works seven days a week to deliver water to people in her village. Sumitra is seeking credit to scale up the business to purchase a water tanker making it easier to supply water across locations. Not only does she hope to increase her monthly income and support her family, but also to be able to offer relief to the residents during the water crisis. It is a highly beneficial and needy service that Sumitra has chosen to spearhead. Support Sumitra as she wins for her community.

About Sumitra Shrma's livelihood

Sumitra is a service entrepreneur who works 8 hours a day for 7 days a week. With this loan Sumitra 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. Sumitra Shrma 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

40,000

Loan
tenure

24 months

Moratorium

None

Repayment
mode

EMI

Investee
occupation

Others

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

Rajasthan Mahila Kalyan Mandal

   
Rajasthan
Partner since 2019
Partner logo

About

Rajasthan Mahila Kalyan Mandal Sanstha, Ajmer founded in 1975 started working in the field of disability & rehabilitation since 1988. Organization started Community Based Rehabilitation program in 1998 for those Children With Special Needs who couldn’t reached Day Care Centre due to transport or any other reason. Presently, Organization is working with more than 1900 CWSN in Rajasthan. RMKM works with rural communities and Persons With Disability to rehabilitate them by enabling ownership over environment, institutions and communication. The areas in which we work towards a more empower and equitable future are as follows: Education and Inclusion, Health, Livelihood Promotion and Micro-Credit, Human Resources Development

Impact Narrative

Credit is virtually inaccessible to the women entrepreneurs in Rajasthan. The Rang De loans are designed to empower these women to start and grow their businesses.

Rupees Icon

Rs 37,05,000

Disbursed
User circle icon

80

Investees
Repayment icon

100.0%

Repayments
Left quotes

Rang De works with the same mission as ours - upliftment and welfare of the poor, backward and the specially abled, leading to their respectful and dignified life in the society.

- Nanu Lal Prajapati, Head of Livelihoods project, RMKM
RIght quotes
whatsapp_icon

3

3000

3

Total: ₹3000

FUNDS

INDIVIDUALS