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Velunyo

Puro

logoRetailpreneur

logo Phek, Nagaland

logo 1,50,000 has been disbursed

logo 312 livelihood days Number of days of productive livelihood activity that this loan will potentially facilitate

b-img b-img b-img

Velunyo

Puro

#achiever#believer
Velunyo needs credit to buy goods for his apparels store.

logoRetailpreneur

logo Phek, Nagaland

logo 1,50,000 has been disbursed

logo 312 potential days of livelihood Number of days of productive livelihood activity that this loan will potentially facilitate

₹ 25,000 is
the current outstanding balance
100 0 0 125000 0 0

100%

0%

0%

Velunyo is a proud father to four of his kids and lives with them in Phek, Nagaland. He owns an Apparel store which provides them a livelihood. He wishes to become successful at work so that he can provide a good future to his family. He needs loan to buy goods for his store and meet the transportation expenses. With some support, he would be able to expand his business and provide well for his family. He also wishes to save his profits to purchase a commercial vehicle so that it would be convenient for him to transport his own goods. Invest in Velunyo, a self made entrepreneur today!

My dream is to become a successful businessman and to give a better future to my family.

About Velunyo Puro's livelihood

Velunyo is a retailpreneur who works 8 hours a day for 6 days a week. With this loan Velunyo will potentially obtain employment for 312 days.

The interest rate charged is split into returns for the social investor, fees for the impact partner and platform charges.

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

24 months

Moratorium

None

Repayment
mode

EMI Equated Monthly Instalment

Investee
occupation

Apparel store

The credit rating of the investee is arrived at by using a proprietary algorithm that factors in the investee’s credit score and the performance rating of the Impact Partner.

Entrepreneurs Associates

   view website
Nagaland
Partner since 2019

About

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.

Impact Narrative

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.

- Chubazen lkr, Assistant Program Manager, EA
whatsapp_icon

3

₹ 3000

Proceed to Pay

3

Total: ₹3000

Your Investees

Total Lives Impacted

0

Days of Livelihood

0