false
false 0 0

Vikram Lal

#energetic#hardworker
Finance Vikram's stocking up of winter wear to sell at his retail store

Retailpreneur

Rudraprayag, Uttarakhand

35,000 has been disbursed

318 potential days of livelihood i

21,805.69 is the current outstanding balance

52.2 24.73 23.08 13194 5833 6250

52%

23%

25%


Vikram Lal is a hard worker. He runs a small retail store in Rudraprayag, Uttarakhand, which he opens up to customers seven days a week. He has been running the business for the last 15 years to support his wife, Saroja, who works as a farmer and his son, Sajeev who is enrolled in school. Now that winter has arrived, Vikram intends to stock up his store with winter apparel wear so he can meet the surge in demand for these items, and attract new customers to his store. He hopes this restock will enable him to make a good number of sales this season. In addition, Vikram hopes this step will enable him to take his business forward, and further expand it to save up and build a home for his family.

My dream is to grow my business.

About Vikram Lal's livelihood

Vikram is a retailpreneur who works 7 hours a day for 7 days a week. With this loan Vikram will potentially obtain employment for 318 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

5.0%

9.0% APR

Impact
Partner i

up to 5.0%

9.0% APR

Platform
charges i

0.0%

0.0% APR

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

Loan
amount

35,000

Loan
tenure

18 months

Moratorium

None

Repayment
mode

EMI i

Investee
occupation

Retail 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

A

Financial
Profile i

A

Ushamath Mahila Mahasangh

Uttarakhand
Partner since 2019

About

UMM works with women SHG groups in the remotest parts of Uttarakhand. To stop the tremendous migration of people from this region, UMM works to build self-sufficient entrepreneurs from the community.

Impact Narrative

The difficult terrain and extreme weather of Uttarakhand makes it an arduous task for the people of the state to access financial services. The partnership between Rang De and UMM works towards bridging this gap.

Rs 43,90,000

Disbursed

127

Investees

86%

Repayments

We have partnered with Rang De to ensure financial inclusion to the most excluded communities of Uttarakhand.

- UMM

0 more to go -598 days remaining

added to cart