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#RootforRangDe

Rang De is India’s first social lending platform where you can invest in people from low income households and earn nominal - moderate returns.

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Ajay Singh

#skillful#techie
Support tech savvy Ajay upgrade his electric repair shop to grow his business

Service Entrepreneur

Rudraprayag, Uttarakhand

35,000 has been disbursed

318 potential days of livelihood i

23,333.3 is the current outstanding balance

75 0 25 11667 3889 0

75%

25%

0%


About Ajay Singh

Rudraprayag resident Ajay Singh has five years of experience running his small electric repair shop. He works seven days a week to provide the much-needed repair services to customers in his village. With the growing advancement of tech in Rudraprayag, Ajay is realising the need to offer improved services to grow his business. He is now seeking credit to purchase electronic spares and other tools that he needs in his shop. This key upgrade will enable hardworking Ajay to support both his parents who work in the agricultural sector. He then hopes to expand his business further to open a service centre in the Tilwara market. In addition, Ajay dreams of one day owning his own car. Support industrious Ajay today and make this techie's dream come true.

My dream is to expand my business and buy a car.

About Ajay Singh 's livelihood

Ajay is a service entrepreneur who works 7 hours a day for 7 days a week. With this loan Ajay will potentially obtain employment for 318 days.

Interest Rate
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

5.0%

9.0% APR

Impact
Partner i

up to 5.0%

9.0% APR

Platform
charges i

0.0%

0.0% APR

Loan Details

The following section provides a detailed view of the investee loan requirement.

Loan
amount

35,000

Loan
tenure

18 months

Moratorium

None

Repayment
mode

EMI i

Investee
occupation

Repair works

Investee Credit Rating i :
Rang De Credit Rating A B C
What it means Low Risk Medium Risk High Risk

B

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

A

Financial
Profile i

A

Co-curated and referred by our Impact Partner

Ushamath Mahila Mahasangh

Uttarakhand
Partner since 2019

About

UMM works with women SHG groups in the remotest parts of Uttarakhand. To stop the tremendous migration of people from this region, UMM works to build self-sufficient entrepreneurs from the community.

Impact Narrative

The difficult terrain and extreme weather of Uttarakhand makes it an arduous task for the people of the state to access financial services. The partnership between Rang De and UMM works towards bridging this gap.

Rs 43,90,000

Disbursed

127

Investees

100%

Repayments

We have partnered with Rang De to ensure financial inclusion to the most excluded communities of Uttarakhand.

- UMM

0 more to go -450 days remaining

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