Rang De is India’s first social lending platform where you can invest in people from low income households and earn nominal - moderate returns.
Retailpreneur
Phek, Nagaland
₹ 1,50,000 has been disbursed
351 potential days of livelihood i
₹ 143,750 is the current outstanding balance
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.
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.
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
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.
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.
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