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#RootforRangDe

Rang De is India’s first social lending platform where you can invest in people from low income households and earn nominal - moderate returns.

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Takalemla Imchen

#entrepreneur#ambitious
Give wings to Takalemla's entrepreneurial dreams.

Retailpreneur

Kohima, Nagaland

1,50,000 has been disbursed

318 potential days of livelihood i

125,000 is the current outstanding balance

100 0 0 25000 0 0

100%

0%

0%


About Takalemla Imchen

Takalemla is an small entrepreneur from Kohima, Nagaland and lives with her family of four. She has been running her apparels business for the past twenty years. She has worked hard at her job and with her family for many years and is now seeking credit to establish a new outlet for her thrift store. She has supported her husband and children in their path to success and as she crosses these milestones, she doesn't wish to stop growing. She dreams of a happy and secure life and this loan will help her to take a step towards her ambition.

I wish to become a successful business women and have a stable, secure and happy life.

About Takalemla Imchen's livelihood

Takalemla is a retailpreneur who works 7 hours a day for 7 days a week. With this loan Takalemla will potentially obtain employment for 318 days.

Interest Rate
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

Loan Details

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

Loan
amount

1,50,000

Loan
tenure

24 months

Moratorium

None

Repayment
mode

EMI i

Investee
occupation

Apparel store

Investee Credit Rating i :
Rang De Credit Rating A B C
What it means Low Risk Medium Risk High Risk

B

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

Co-curated and referred by our Impact Partner

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 1,00,92,800

Disbursed

140

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

0 more to go -107 days remaining

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