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Weche

U

logoService Entrepreneur

logo kohima, Nagaland

logo 312 livelihood days i

b-img b-img b-img b-img b-img

Weche

U

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

logoService Entrepreneur

logo kohima, Nagaland

logo 312 potential days of livelihood i

₹ 1,50,000 loan is fully repaid

₹ 1,50,000 loan is fully repaid

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

10.00% flat p.a.

18.00% APR

Social
Investor i

4.00%

7.20% APR

Impact
Partner i

up to 4.00%

7.20% APR

Platform
charges i

2.00%

3.60% 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

know more

Entrepreneurs Associates

   view website
Nagaland
Partner since 2019

About

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.

Impact Narrative

Rang De's partnership with EA works to a culture of entrepreneurship by making credit accessible to Naga entrepreneurs.

Rs 1,72,22,800

Disbursed

198

Investees

100.0%

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.

- Chubazen lkr, Assistant Program Manager, EA
whatsapp_icon

3

₹ 3000

Proceed to Pay

3

Total: ₹3000

Your Investees

Total Lives Impacted

0

Days of Livelihood

0