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Choyivelu

Service Entrepreneur

Phek, Nagaland

273 livelihood days

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Choyivelu

#dedicated#passionate
Choyivelu needs support to run her school successfully.

Service Entrepreneur

Nagaland

273 potential days of livelihood

2,00,000 loan is fully repaid

2,00,000 loan is fully repaid


About Choyivelu

Choyivelu has been running a school in Phek, Nagaland for seven years now. Her students and faculty members are her family and she wishes to provide them with an upgrade to her school. She needs loan to renovate the building, construct a hall and make arrangements for transportation. She also wants to upgrade her school from a High School to Higher Secondary School. This loan would go a long way in supporting dreams of each student of her school. Invest in Choyivelu to support the dreams of hundreds of students.

About Choyivelu 's livelihood

Choyivelu is a service entrepreneur who works 7 hours a day for 6 days a week. With this loan Choyivelu will potentially obtain employment for 273 days.

Interest Rate

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

Investee
pays

10.00% flat p.a.

18.00% APR

Social
Investor

4.00%

7.20% APR

Platform
charges

6.00%

10.80% APR

Loan Details

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

Loan
amount

2,00,000

Loan
tenure

24 months

Moratorium

None

Repayment
mode

EMI

Investee
occupation

Professional services

Investee Credit Rating:
Excellent

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

Entrepreneurs Associates

   view website
Nagaland
Partner since 2019
Partner logo

About

Entrepreneurs Associates (EA) was founded in 2001 to transform the landscape of despair and broken economy of Nagaland and foster the spirit of self-reliance & responsible leadership in the psyche of Nagas. They believe in the potential of inclusive and responsible entrepreneurship where entrepreneurship is accessible to all. For over 18 years, EA has been closely working in the field of entrepreneurship to promote local youth to take up entrepreneurship to bridge the widening vacuum of local enterprises all over the state. EA advocates the Naga youth to look beyond government jobs and seek out ways to contribute towards building the economy of the state. EA works with potential Naga entrepreneurs who have been denied credit from other sources. They train, mentor and finance these 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.

Rupees Icon

Rs 1,83,72,800

Disbursed
User circle icon

211

Investees
Repayment icon

99.0%

Repayments
Left quotes

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
RIght quotes
whatsapp_icon

3

3000

3

Total: ₹3000

FUNDS

INDIVIDUALS