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Arti

Devi

Beautypreneur

Rudraprayag, Uttarakhand

364 livelihood days

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Arti

Devi

#progressive#striving
Support Arti upgrade the winter collection in her small clothing store

Beautypreneur

Uttarakhand

364 potential days of livelihood

50,000 loan is fully repaid

50,000 loan is fully repaid


About Arti

Businesswoman Arti Devi has been running a beauty parlour for the last four years. She also runs a small clothing store in her beauty parlour to sell apparel wear. With winter soon approaching, Arti is seeking a loan to restock the store with winter clothing so she can make a good number of sales during the cold season. She hopes to increase her revenue during the season and set aside some savings to help expand her business. Her big dream is to eventually open a new and bigger shop so she make even bigger returns and better support her two children, Priyanshu and Priyanshi, who are enrolled in school. In addition, the income will help her support her husband Kuldeep, who works in the agricultural sector. Support Arti as she progresses for her family.

About Arti Devi's livelihood

Arti is a beautypreneur who works 8 hours a day for 7 days a week. With this loan Arti will potentially obtain employment for 364 days.

Interest Rate

The interest rate charged is split into returns for the social investor, fees for the impact partner and platform charges. Arti Devi has consented to pay the interest as below:

Investee
pays

10.00% flat p.a.

18.00% APR

Social
Investor

5.00%

9.00% APR

Platform
charges

5.00%

9.00% APR

Loan Details

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

Loan
amount

50,000

Loan
tenure

18 months

Moratorium

None

Repayment
mode

EMI

Investee
occupation

Beauty parlour

Investee Credit Rating:
Good

Investee credit rating has been arrived at by our proprietary algorithm which factors in the following parameters: 1. Investee credit bureau scores 2. debt servicing ability

Co-curated and referred by our Impact Partner

Ushamath Mahila Mahasangh

   
Uttarakhand
Partner since 2019
Partner logo

About

UMM is an apex federation of women SHGs established in 2005, registered under Uttrakhand self-reliant cooperative act 2003, to meet the financial service needs of the poor living in one of the most underserved areas of Uttrakhand. UMM's mandate has been to focus on solutions that provide direct socio economic improvement to the marginalized and low-income households. AT India and UMM work in a predominantly rural, hill-based economy. There are limited avenues to credit access and lack of sustainable livelihood sources in these regions.

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.

Rupees Icon

Rs 43,90,000

Disbursed
User circle icon

127

Investees
Repayment icon

98.0%

Repayments
Left quotes

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

- UMM
RIght quotes
whatsapp_icon

3

3000

3

Total: ₹3000

FUNDS

INDIVIDUALS