Tsuknungnukla is an ambitious business woman from Kohima, Nagaland. She runs a transport service business for over fifteen years to support her family of five. Now, despite the pandemic, Tsuknungnukla is determined to expand her business to get a better return. She needs credit to do the maintenance of her cars and office. This will help her attact more customers and deliver the services better. Support Tsuknungnukla and her dreams now!
Tsuknungnukla is a service entrepreneur who works 13 hours a day for 6 days a week. With this loan Tsuknungnukla will potentially obtain employment for 507 days.
The interest rate charged is split into returns for the social investor, fees for the impact partner and platform charges. Tsuknungnukla has consented to pay the interest as below:
Investee
pays
10.00% flat p.a.
18.00% APR
Social
Investor
4.00%
7.20% APR
Impact
Partner
up to 4.00%
7.20% APR
Platform
charges
2.00%
3.60% 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
Investee
occupation
Transport services
Entrepreneurs Associates (EA) was founded in 2001 to transform the landscape of despair and broken economy of Nagaland and foster the spirit of self-reliance & responsible leadership in the psyche of Nagas. They believe in the potential of inclusive and responsible entrepreneurship where entrepreneurship is accessible to all. For over 18 years, EA has been closely working in the field of entrepreneurship to promote local youth to take up entrepreneurship to bridge the widening vacuum of local enterprises all over the state. EA advocates the Naga youth to look beyond government jobs and seek out ways to contribute towards building the economy of the state. EA works with potential Naga entrepreneurs who have been denied credit from other sources. They train, mentor and finance these 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 1,80,72,800
Disbursed
205
Investees
100.0%
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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