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Usman Mohammad

#hardworking# leader
Usman is looking to expand his welding business.

Service Entrepreneur

Ajmer, Rajasthan

₹ 50,000 has been disbursed

364 potential days of livelihood i

₹ 36,111.1 is the current outstanding balance

100 0 0 13889 0 0

100%

0%

0%

Usman runs a welding business in Aradka, Ajmer. His wife works on embroidery at home for additional income. Their dream is to own a house of their own and expand their business. Usman needs financial support to invest in equipment. The loan money will be used to buy welding and iron cutting machines and weighing instruments. The additional income can help Usman and his family to move closer towards their dream home.

I wish to own a piece of land to build a house and shop of my own.

About Usman Mohammad's livelihood

Usman is a service entrepreneur who works 8 hours a day for 7 days a week. With this loan Usman will potentially obtain employment for 364 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

₹ 50,000

Loan
tenure

18 months

Moratorium

None

Repayment
mode

EMI i

Investee
occupation

Others

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

B

Financial
Profile i

A

Know more

Rajasthan Mahila Kalyan Mandal

Rajasthan
Partner since 2019

About

RMKM began working in the field of disability and rehabilitation in 1988, but has expanded to support the children and women of Rajasthan in many ways. RMKM works to create empowered women entrepreneurs by providing them with access to education, health services and credit.

Impact Narrative

Credit is virtually inaccessible to the women entrepreneurs in Rajasthan. The Rang De loans are designed to empower these women to start and grow their businesses.

Rs 37,05,000

Disbursed

80

Investees

100%

Repayments

Rang De works with the same mission as ours - upliftment and welfare of the poor, backward and the specially abled, leading to their respectful and dignified life in the society.

- Nanu Lal Prajapati, Head of Livelihoods project, RMKM

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