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Zhovelu Venuh

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

Retailpreneur

Phek, Nagaland

1,50,000 has been disbursed

409 potential days of livelihood i

137,500 is the current outstanding balance

100 0 0 12500 0 0

100%

0%

0%


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 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

EMI i

Investee
occupation

Retail store

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

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 1,28,42,800

Disbursed

158

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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