Food Entrepreneur
Dimapur, Nagaland
50,000 has been disbursed
468 livelihood days
Food Entrepreneur
Dimapur, Nagaland
50,000 has been disbursed
468 potential days of livelihood
₹ 29,854.98 is
the current outstanding balance
54%
17%
30%
Watinaro is a passionate woman from Dimapur, Nagaland, where she lives with her family of three and runs the household with the help of the money earned from her food outlet. Due to the current pandemic it is hard to procure the essential supplies for her store on time. This will attract more customers to her store, enhance her income and she would be able to enjoy a secure life with her family. Invest in Watinaro today!
Watinaro is a food entrepreneur who works 12 hours a day for 6 days a week. With this loan Watinaro will potentially obtain employment for 468 days.
The interest rate charged is split into returns for the social investor, fees for the impact partner and platform charges.
Investee
pays
10.00% flat p.a.
18.00% APR
Social
Investor
4.00%
7.20% APR
Impact
Partner
up to 4.00%
7.20% APR
Platform
charges
2.00%
3.60% 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
Investee
occupation
Food 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 1,80,72,800
Disbursed
205
Investees
98.0%
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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