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Avitso Lcho

#enterprising#industrious
Fund the first round of Avitso Lcho’s massive business expansion

Retailpreneur

kohima, Nagaland

1,00,000 has been disbursed

390 potential days of livelihood i

41,666.62 is the current outstanding balance

100 0 0 58333 0 0

100%

0%

0%


Graduate Avitso Lcho wants to become a renowned businessman in Nagaland. At present, he lives with his parents and four siblings in Kohima. His mother is a retired government officer, and two of his siblings also work for the government. Avitso is the first one in his family to walk down the path of entrepreneurship. He has been running a food and condiment business for the last five years. Avitso is now looking to climb the next step in his business, by introducing a collection of new products in his store. He is seeking credit to purchase this fresh stock of products, and cover the costs of transporting these goods to his store. In addition, to accommodate this expansion, Avitso is also preparing to renovate the store. Avitso is confident that this next step will take him closer to his goal of making an impact in his community as an entrepreneur. Fund enterprising Avitso today.

I dream of becoming renowned businessman in the state.

About Avitso Lcho's livelihood

Avitso is a retailpreneur who works 10 hours a day for 6 days a week. With this loan Avitso 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 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

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

Loan
amount

1,00,000

Loan
tenure

24 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

A

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 1,49,42,800

Disbursed

175

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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