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Udaypal Singh

#laborious#keen
Invest in Udaipal as he upgrades his buzzing bee business

Agripreneur

Rudraprayag, Uttarakhand

35,000 has been disbursed

26 potential days of livelihood i

21,389.69 is the current outstanding balance

70 0 30 13610 5833 1

70%

30%

0%


Udaypal Singh from Rudraprayag, Uttarakhand is the owner of a buzzing bee business. He has a decade of experience in beekeeping and is looking to expand it to increase the revenue from his honey sales. Currently, Udaypal's income supports his two sons and his wife, Parmesawari Devi who works in the agricultural sector. Udaypal is seeking credit to buy an apiary setup of 10 bee boxes costing Rs.3500 per box. He will be able to collect more honey by setting up more bee boxes thereby growing his monthly income. His future plan is to set up another beekeeping house to further grow his business as he strives to better the quality of life for his family. Support Udaypal as he sweetens his future.

My dream is to establish one more bee-keeping house.

About Udaypal Singh 's livelihood

Udaypal is an agripreneur who works 2 hours a day for 2 days a week. With this loan Udaypal will potentially obtain employment for 26 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

5.0%

9.0% APR

Impact
Partner i

up to 5.0%

9.0% APR

Platform
charges i

0.0%

0.0% APR

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

Loan
amount

35,000

Loan
tenure

18 months

Moratorium

None

Repayment
mode

EMI i

Investee
occupation

Animal husbandry

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

A

Financial
Profile i

B

Ushamath Mahila Mahasangh

Uttarakhand
Partner since 2019

About

UMM works with women SHG groups in the remotest parts of Uttarakhand. To stop the tremendous migration of people from this region, UMM works to build self-sufficient entrepreneurs from the community.

Impact Narrative

The difficult terrain and extreme weather of Uttarakhand makes it an arduous task for the people of the state to access financial services. The partnership between Rang De and UMM works towards bridging this gap.

Rs 43,90,000

Disbursed

127

Investees

97%

Repayments

We have partnered with Rang De to ensure financial inclusion to the most excluded communities of Uttarakhand.

- UMM

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