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Suraj

Singh

logoAgripreneur

logo Rudraprayag, Uttarakhand

logo 273 livelihood days Number of days of productive livelihood activity that this loan will potentially facilitate

b-img b-img b-img

Suraj

Singh

#tireless#gogetter
Support Suraj kick start a mule rearing business to support his children

logoAgripreneur

logo Rudraprayag, Uttarakhand

logo 273 potential days of livelihood Number of days of productive livelihood activity that this loan will potentially facilitate

35,000 loan is fully repaid

35,000 loan is fully repaid


Suraj Singh is a father and a businessman. The father of three is looking to launch a new business to support his family. Suraj has thus applied for a loan to make his first critical step which is a mule purchase. Mules are often used in Rudraprayag for transportation purposes during the pilgrim and marriage season. Suraj hopes to use his mule during the busy marriage and pilgrim season so he can grow his income to use funds to provide his children with good education and medical health facilities. Furthermore, Suraj plans to start a mule rearing business in the future as his children grow older. Support Suraj today.

My dream is to provide good education and medical facilities for my children.

About Suraj Singh's livelihood

Suraj is an agripreneur who works 6 hours a day for 7 days a week. With this loan Suraj will potentially obtain employment for 273 days.

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

Investee
pays The rate of interest charged to the investee

10.00% flat p.a.

18.00% APR

Social
Investor The rate of return an investor makes

5.00%

9.00% APR

Impact
Partner The rate of return an impact partner makes

up to 5.00%

9.00% APR

Platform
charges The charges, the platform incurs by offering it's services

0.00%

0.00% 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 Equated Monthly Instalment

Investee
occupation

Animal husbandry

The credit rating of the investee is arrived at by using a proprietary algorithm that factors in the investee’s credit score and the performance rating of the Impact Partner.

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