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Chandan Singh

#gogetter#ambitious
Chandan needs credit to expand his food store.

Food Entrepreneur

Salani, Uttarakhand

75,000 has been disbursed

546 potential days of livelihood i

56,250 is the current outstanding balance

75 0 25 18750 6250 0

75%

25%

0%


Meet Chandan Singh. He can light up your day with his smile and aromatic food stall. Now, Chandan is on a mission to put even more smiles on the faces of Garur dwellers by including a wider variety at the food stall. His income supports his family of four. The Rang De loan will cover the costs required to purchase some furniture and a refrigerator for his shop. Chandan hopes to whip up some great food and serve magic to many more customers in his village. Invest in Chandan’s dream today.

I wish to expand my business and own a big foodstall.

About Chandan Singh's livelihood

Chandan is a food entrepreneur who works 12 hours a day for 7 days a week. With this loan Chandan will potentially obtain employment for 546 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 5.0%

9.0% APR

Platform
charges i

1.0%

1.8% APR

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

Loan
amount

75,000

Loan
tenure

24 months

Moratorium

None

Repayment
mode

EMI i

Investee
occupation

Food 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

 

B

Rang De confidence score

 i


B


Partner
Rating i

B

Loan
Profile i

B

Financial
Profile i

A

Udhyam housed under Agrani India Foundation

Established in

2017

With Rang De from

2020

Founded by

Pankaj Wadhwa

Udhyam Entrepreneurs' rural entrepreneurship program was conceived by the people working in Uttarakhand to encourage entrepreneurial development in rural communities of the Kumaon region of Uttarakhand. The idea behind the “Changemakers” program is to create entrepreneurs who create jobs and opportunities through mentoring and providing credit. As change agents, they facilitate this idea by being the drivers of change, further in their communities by creating a buzz about entrepreneurship and role models in the community.

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