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Sunita Devi

#determined#gogetter
Pitch into Sunita's mule rearing fund so she can finance her daughter's wedding

Agripreneur

Rudraprayag, Uttarakhand

35,000 has been disbursed

318 potential days of livelihood i

27,222.68 is the current outstanding balance

36.36 36.37 27.27 7777 5833 7778

36%

27%

36%


Sunita Devi is a mother with ten years of experience running a farming business in her village. Her top priority at the moment is to see her daughter happily married without having to face the burden of the lack of finances for her wedding. Determined Sunita is planning ahead by seeking credit to buy a mule and start a transportation business. She has already saved up rupees 20,000 towards this purchase and is seeking credit to supplement her savings. She intends to use the mule to transport goods during the pilgrim season and for weddings in her village. She hopes the launch of her new business will enable her to save up for her daughter's wedding. Support determined Sunita on her endeavour.

My dream is to finance the expenses of my daughter's marriage ceremony.

About Sunita Devi 's livelihood

Sunita is an agripreneur who works 7 hours a day for 7 days a week. With this loan Sunita 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

Animal husbandry

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

95%

Repayments

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

- UMM

0 more to go -529 days remaining

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