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Usman

Mohammad

logoService Entrepreneur

logo Ajmer, Rajasthan

logo 50,000 has been disbursed

logo 364 livelihood days i

b-img b-img b-img b-img

Usman

Mohammad

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

logoService Entrepreneur

logo Ajmer, Rajasthan

logo 50,000 has been disbursed

logo 364 potential days of livelihood i

8,333.3 is
the current outstanding balance

83.33 11.11 5.56 41667 2778 5556

83%

6%

11%


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

10.00% flat p.a.

18.00% APR

Social
Investor i

4.00%

7.20% APR

Impact
Partner i

up to 4.00%

7.20% APR

Platform
charges i

2.00%

3.60% 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

Rajasthan Mahila Kalyan Mandal

   
Rajasthan
Partner since 2019

About

Rajasthan Mahila Kalyan Mandal Sanstha, Ajmer founded in 1975 started working in the field of disability & rehabilitation since 1988. Organization started Community Based Rehabilitation program in 1998 for those Children With Special Needs who couldn’t reached Day Care Centre due to transport or any other reason. Presently, Organization is working with more than 1900 CWSN in Rajasthan. RMKM works with rural communities and Persons With Disability to rehabilitate them by enabling ownership over environment, institutions and communication. The areas in which we work towards a more empower and equitable future are as follows: Education and Inclusion, Health, Livelihood Promotion and Micro-Credit, Human Resources Development

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

98.0%

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
whatsapp_icon

3

3000

3

Total: ₹3000

Your Investees

Total Lives Impacted

0

Days of Livelihood

0