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Tewu Mero

#passionate#hustler
Tewu Mero needs credit to expand his retail business.

Retailpreneur

Phek, Nagaland

1,50,000 has been disbursed

351 potential days of livelihood i

125,000 is the current outstanding balance

100 0 0 25000 0 0

100%

0%

0%


Tewu Mero lives in Phek, Nagaland, where he is an entrepreneur. He receives income from running a small retail store. He is looking to expand this business so that he can enhance the livelihood. With the loan amount, Tewu is looking forward to renovating the store, purchasing some goods, and meeting the transportation expenses. Invest in Tewu so that he can expand his business.

I wish to open multiple stores across the state and provide employment to many youths.

About Tewu Mero's livelihood

Tewu is a retailpreneur who works 9 hours a day for 6 days a week. With this loan Tewu will potentially obtain employment for 351 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

1,50,000

Loan
tenure

24 months

Moratorium

None

Repayment
mode

EMI i

Investee
occupation

Retail store

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

 

A

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 1,35,92,800

Disbursed

163

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 -120 days remaining

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