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Zaveba

Hoshi

logoService Entrepreneur

logo Phek, Nagaland

logo 390 livelihood days Number of days of productive livelihood activity that this loan will potentially facilitate

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Zaveba

Hoshi

#passionate#hustler
Zaveba needs credit to renovate and revamp his repairs shop.

logoService Entrepreneur

logo Phek, Nagaland

logo 390 potential days of livelihood Number of days of productive livelihood activity that this loan will potentially facilitate

1,50,000 loan is fully repaid

1,50,000 loan is fully repaid


Zaveba Hoshi lives with a family of five. He owns a repair workshop in Phek, Nagaland. He is looking to expanding the business. He needs to purchase advanced tools and parts, renovate the store, and meet the transportation costs with the loan. Being the sole breadwinner of his family, expanding the business would mean a higher income to meet the family's needs in time. This credit would help in making his dreams come true.

I wish to have advanced tools and machines and expand my workshop.

About Zaveba Hoshi's livelihood

Zaveba is a service entrepreneur who works 10 hours a day for 6 days a week. With this loan Zaveba will potentially obtain employment for 390 days.

The interest rate charged is split into returns for the social investor, fees for the impact partner and platform charges.

Investee
pays The rate of interest charged to the investee

10.00% flat p.a.

18.00% APR

Social
Investor The rate of return an investor makes

4.00%

7.20% APR

Impact
Partner The rate of return an impact partner makes

up to 4.00%

7.20% APR

Platform
charges The charges, the platform incurs by offering it's services

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

EMI Equated Monthly Instalment

Investee
occupation

Repair works

The credit rating of the investee is arrived at by using a proprietary algorithm that factors in the investee’s credit score and the performance rating of the Impact Partner.

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

99.0%

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
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3

3000

3

Total: ₹3000

Your Investees

Total Lives Impacted

0

Days of Livelihood

0