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Velunyo Puro

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

Retailpreneur

Phek, Nagaland

₹ 1,50,000 has been disbursed

312 potential days of livelihood i

₹ 150,000 is the current outstanding balance

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 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

24 months

Moratorium

None

Repayment
mode

EMI i

Investee
occupation

Apparel store

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

 

A

Rang De confidence score

 i


B

Partner
Rating i

B

Loan
Profile i

B

Financial
Profile i

A

Know more

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 1,28,42,800

Disbursed

158

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

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