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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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Usha Devi

#hardworking#resilient
Support Usha purchase a buffalo and launch a new dairy business

Agripreneur

Rudraprayag, Uttarakhand

₹ 35,000 has been disbursed

318 potential days of livelihood i

₹ 17,501.03 is the current outstanding balance

100 0 0 17499 0 0

100%

0%

0%

About Usha Devi

Businesswoman Usha is on a renewed mission. Having engaged in a farming business for the last fifteen years, Usha now wants to launch a new animal husbandry business to support the growing needs of her family. She is seeking credit for the purchase of a buffalo to kick start her new business. She has been working towards this goal for a while now and has managed to save up Rs.20,000 towards this purchase. This loan will provide the remaining amount that she needs. Usha will sell the buffalo milk to the local milk corporation earning her a consistent monthly income. Her dream is to expand this milk business and transform it into a full-fledged dairy shop. Invest in industrious Usha as she looks out for her family.

My dream is to open a dairy shop.

About Usha Devi 's livelihood

Usha is an agripreneur who works 7 hours a day for 7 days a week. With this loan Usha 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

5.0%

9.0% APR

Impact
Partner i

up to 5.0%

9.0% APR

Platform
charges i

0.0%

0.0% APR

Loan Details

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

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

A

Financial
Profile i

B

Know more
Co-curated and referred by our Impact Partner

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

100%

Repayments

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

- UMM

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