1
#RootforRangDe

Rang De is India’s first social lending platform where you can invest in people from low income households and earn nominal - moderate returns.

false 0 0

Vekhozo Swuro

#entrepreneur#ambitious
Vekhozo needs credit to explore her business interests.

Retailpreneur

Kohima, Nagaland

1,50,000 has been disbursed

409 potential days of livelihood i

150,000 is the current outstanding balance


About Vekhozo Swuro

Vekhozo lives with a family of two. He owns a hardware business in Kohima, Nagaland. He is looking to expanding the business. Expanding the business would mean a higher income for the family. He wishes to invest in transportation, labour and raw materials for his venture. This credit would help in making his dreams come true.

My dream is to become a successful businessman and have a secure life with my family.

About Vekhozo Swuro's livelihood

Vekhozo is a retailpreneur who works 9 hours a day for 7 days a week. With this loan Vekhozo will potentially obtain employment for 409 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

4.0%

7.2% APR

Impact
Partner i

up to 4.0%

7.2% APR

Platform
charges i

2.0%

3.6% APR

Loan Details

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

Loan
amount

1,50,000

Loan
tenure

12 months

Moratorium

None

Repayment
mode

EMI i

Investee
occupation

Retail store

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

B

Financial
Profile i

A

Co-curated and referred by our Impact Partner

Entrepreneurs Associates

Nagaland
Partner since 2019

About

EA was founded to transform the broken economy of Nagaland, and foster a spirit of self-reliance & responsible leadership in the psyche of Nagas. They train, mentor and finance first generation entrepreneurs and help them set up successful businesses.

Impact Narrative

Rang De's partnership with EA works to a culture of entrepreneurship by making credit accessible to Naga entrepreneurs.

Rs 98,92,800

Disbursed

135

Investees

100%

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.

- Chubazen lkr, Assistant Program Manager, EA

0 more to go 13 days remaining

added to cart