Rang De is India’s first social lending platform where you can invest in people from low income households and earn nominal - moderate returns.
Retailpreneur
Kohima, Nagaland
₹ 1,50,000 has been disbursed
409 potential days of livelihood i
₹ 150,000 is the current outstanding balance
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.
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.
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
₹ 1,50,000
Loan
tenure
12 months
Moratorium
None
Repayment
mode
EMI i
Investee
occupation
Retail store
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.
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.
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