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Tonguka Michael Chophy

#positive#passionate
Support Tonguka to expand his business and open more outlets in the future.

Food Entrepreneur

Dimapur, Nagaland

1,00,000 has been disbursed

234 potential days of livelihood i

100,000 is the current outstanding balance


Tonguka Michael Chophy is an ambitious entrepreneur from Dimapur, Nagaland. He has been running a food processing unit for over four years in Dimapur. Now, with the support from Rang De, he wishes to expand his business by renovating the food shop and purchasing new stocks. The loan amount will be used to cover the transportation expenses also. This expansion will attract more customers and help him increase his income. Invest in Tonguka now!

I wish to open more outlets in various parts of Nagaland.

About Tonguka Michael Chophy's livelihood

Tonguka is a food entrepreneur who works 6 hours a day for 6 days a week. With this loan Tonguka will potentially obtain employment for 234 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

4.0%

7.2% APR

Impact
Partner i

up to 4.0%

7.2% APR

Platform
charges i

2.0%

3.6% APR

The following section provides a detailed view of the investee loan requirement.

Loan
amount

1,00,000

Loan
tenure

24 months

Moratorium

None

Repayment
mode

EMI i

Investee
occupation

Food stall

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

B

Financial
Profile i

A

Entrepreneurs Associates

Nagaland
Partner since 2019

About

EA was founded to transform the broken economy of Nagaland, and foster a spirit of self-reliance & responsible leadership in the psyche of Nagas. They train, mentor and finance first generation entrepreneurs and help them set up successful businesses.

Impact Narrative

Rang De's partnership with EA works to a culture of entrepreneurship by making credit accessible to Naga entrepreneurs.

Rs 1,59,42,800

Disbursed

188

Investees

99%

Repayments

Access to finance has always been a challenge in Nagaland. Through Rang De, we can now provide low cost credit to our community with ease.

- Chubazen lkr, Assistant Program Manager, EA

0 more to go -23 days remaining

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