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Tonguka

Michael Chophy

logoFood Entrepreneur

logo Dimapur, Nagaland

logo 1,00,000 has been disbursed

logo 234 livelihood days i

b-img b-img b-img

Tonguka

Michael Chophy

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

logoFood Entrepreneur

logo Dimapur, Nagaland

logo 1,00,000 has been disbursed

logo 234 potential days of livelihood i

₹ 100,000 is
the current outstanding balance
0 50 50 0 12500 12500

0%

50%

50%

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

10.00% flat p.a.

18.00% APR

Social
Investor i

4.00%

7.20% APR

Impact
Partner i

up to 4.00%

7.20% APR

Platform
charges i

2.00%

3.60% 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

know more

know more

Entrepreneurs Associates

   view website
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 1,72,22,800

Disbursed

198

Investees

100%

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
whatsapp_icon

3

₹ 3000

Proceed to Pay

3

Total: ₹3000

Your Investees

Total Lives Impacted

0

Days of Livelihood

0