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Weche U

#planner#achiever
Weche wants to buy advanced machinery for her sawmill.

Service Entrepreneur

kohima, Nagaland

₹ 1,50,000 has been disbursed

312 potential days of livelihood i

₹ 75,000 is the current outstanding balance

100 0 0 75000 0 0

100%

0%

0%

Weche is a mother of six and a persevering businesswoman too. She doesn't shy away from her responsibilities and helps her spouse in all possible ways. They jointly run a sawmill in Kohima, Nagaland. This furniture business contributes to the family income in a great way. Weche has been running this store with her husband for about 12 years now. To meet the demands of their customers Weche has decided to upgrade the machinery to refine and improve the quality of their products. She also plans on using the loan amount to buy more timber logs for her furniture. Invest in Weche's desire to grow her business as she dreams of providing a promising future for her kids

I want to provide my children with a successful business for a promising future.

About Weche U's livelihood

Weche is a service entrepreneur who works 8 hours a day for 6 days a week. With this loan Weche 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

12 months

Moratorium

None

Repayment
mode

EHI i

Investee
occupation

Construction

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

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 1,38,92,800

Disbursed

164

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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