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Zhovelu

Venuh

logoRetailpreneur

logo Phek, Nagaland

logo 409 livelihood days Number of days of productive livelihood activity that this loan will potentially facilitate

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Zhovelu

Venuh

#courageous#gogetter
Zhovelu needs credit to upgrade her business.

logoRetailpreneur

logo Phek, Nagaland

logo 409 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


Zhovelu Venuh is a general store owner from Phek, Nagaland. She has had four years of experience in this business and is now looking to expand her business. She intends to use this opportunity to gain a stronger market presence, by expanding her stock and renovate the store to attract more customers. She will use this credit to avail better transportation and security facilities as well. The loan will also enable her to hire enough labour to the store. These are stepping stones to fulfilling her dreams of spreading the brand across her state.

I wish to scale up my business and open another store.

About Zhovelu Venuh's livelihood

Zhovelu is a retailpreneur who works 9 hours a day for 7 days a week. With this loan Zhovelu 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 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

Retail store

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