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Vineeta Devi

#gogetter#ambitious
Vineeta is looking forward to launching her tailoring business with this credit.

Retailpreneur

Almora, Uttarakhand

50,000 has been disbursed

409 potential days of livelihood i

35,416.62 is the current outstanding balance

77.78 0 22.22 14583 4167 0

78%

22%

0%


Ambitious Vineeta is not new to the apparel business sector. She has twelve years of experience running her apparel store and is now ready to take her business to the next level. She intends to begin a tailoring business on the side to cater to a wider range of customers. She will use the loan to purchase a tailoring machine. She hopes that by starting her tailoring business, she would also be able to employ someone to support her business. Vineeta’s long term dream is to open multiple outlets across Uttarakhand. With two sons to support, Vineeta is leaving no stone unturned to ensure a bright and secure future for her family.

I wish to give a good education to my children.

About Vineeta Devi's livelihood

Vineeta is a retailpreneur who works 9 hours a day for 7 days a week. With this loan Vineeta will potentially obtain employment for 409 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 5.0%

9.0% APR

Platform
charges i

1.0%

1.8% APR

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

Loan
amount

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

No credit history available

 

Rang De confidence score

 i


B


Partner
Rating i

B

Loan
Profile i

B

Financial
Profile i

B

Udhyam housed under Agrani India Foundation

Established in

2017

With Rang De from

2020

Founded by

Pankaj Wadhwa

Udhyam Entrepreneurs' rural entrepreneurship program was conceived by the people working in Uttarakhand to encourage entrepreneurial development in rural communities of the Kumaon region of Uttarakhand. The idea behind the “Changemakers” program is to create entrepreneurs who create jobs and opportunities through mentoring and providing credit. As change agents, they facilitate this idea by being the drivers of change, further in their communities by creating a buzz about entrepreneurship and role models in the community.

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