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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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Chanesh Choudhary

#pioneer#driven
Chanesh wants to support her husband by repairing his truck

Service Entrepreneur

Ajmer, Rajasthan

50,000 has been disbursed

364 potential days of livelihood i

29,166.64 is the current outstanding balance

100 0 0 20833 0 0

100%

0%

0%


About Chanesh Choudhary

Young Chanesh Choudhary is a resident of Ajmer Rajasthan. She lives with her husband Omprakash who works as a driver and their three-year-old son Manan. Her dream is to build a big new house for her family and to see Manan become a teacher. Currently, Omprakash's income, from his driving job, supports the family of three. He has even taken up tailoring to help make ends meet for the family. Unfortunately, his truck, a trailer trolley, is not able to run because of urgent repairs. Chanesh has thus decided to lend a helping hand to her husband. She is seeking a loan to finance the repairs and to buy a new trailer for the truck. She hopes this will enable Omprakash to continue running his transport services as he supports his family. Fund determined Chanesh today.

I dream of seeing my son become a teacher.

About Chanesh Choudhary's livelihood

Chanesh is a service entrepreneur who works 8 hours a day for 7 days a week. With this loan Chanesh 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.

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

50,000

Loan
tenure

24 months

Moratorium

None

Repayment
mode

EMI i

Investee
occupation

Others

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

B

Financial
Profile i

B

Co-curated and referred by our Impact Partner

Rajasthan Mahila Kalyan Mandal

Rajasthan
Partner since 2019

About

RMKM began working in the field of disability and rehabilitation in 1988, but has expanded to support the children and women of Rajasthan in many ways. RMKM works to create empowered women entrepreneurs by providing them with access to education, health services and credit.

Impact Narrative

Credit is virtually inaccessible to the women entrepreneurs in Rajasthan. The Rang De loans are designed to empower these women to start and grow their businesses.

Rs 37,05,000

Disbursed

80

Investees

100%

Repayments

Rang De works with the same mission as ours - upliftment and welfare of the poor, backward and the specially abled, leading to their respectful and dignified life in the society.

- Nanu Lal Prajapati, Head of Livelihoods project, RMKM

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