Retailpreneur
Kohima, Nagaland
409 livelihood days Number of days of productive
livelihood activity that this loan will potentially facilitate
Retailpreneur
Kohima, Nagaland
409 potential days of livelihood Number of days of
productive livelihood activity that this loan will potentially
facilitate
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 The rate of interest charged to the investee
10.00% flat p.a.
18.00% APR
Social
Investor The rate of return an investor makes
4.00%
7.20% APR
Impact
Partner The rate of return an impact partner makes
up to 4.00%
7.20% APR
Platform
charges The charges, the platform incurs by offering it's
services
2.00%
3.60% 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 Equated Monthly Instalment
Investee
occupation
Retail store
Entrepreneurs Associates (EA) was founded in 2001 to transform the landscape of despair and broken economy of Nagaland and foster the spirit of self-reliance & responsible leadership in the psyche of Nagas. They believe in the potential of inclusive and responsible entrepreneurship where entrepreneurship is accessible to all. For over 18 years, EA has been closely working in the field of entrepreneurship to promote local youth to take up entrepreneurship to bridge the widening vacuum of local enterprises all over the state. EA advocates the Naga youth to look beyond government jobs and seek out ways to contribute towards building the economy of the state. EA works with potential Naga entrepreneurs who have been denied credit from other sources. They train, mentor and finance these 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 1,72,22,800
Disbursed
198
Investees
99.0%
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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