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David Keneingutuo

Sorunuo

Service Entrepreneur

Dimapur, Nagaland

312 livelihood days

Borrower Image 1 Borrower Image 2 Borrower Image 3

David Keneingutuo

Sorunuo

#hardworker# ambitious
David wants to purchase new equipment for his photo studio.

Service Entrepreneur

Nagaland

312 potential days of livelihood

1,00,000 loan is fully repaid

1,00,000 loan is fully repaid


About David Keneingutuo

David runs his photo studio in Dimapur district of Nagaland. He set up this business because of his passion for photography but eventually it became the main source of income to support his family of four. At present, he wants to borrow some credit as he would like to bring in new equipment that would help provide new and latest photo editing facilities for his customers. Invest in David today and help him take his business to greater heights.

About David Keneingutuo Sorunuo's livelihood

David Keneingutuo is a service entrepreneur who works 8 hours a day for 6 days a week. With this loan David Keneingutuo will potentially obtain employment for 312 days.

Interest Rate

The interest rate charged is split into returns for the social investor, fees for the impact partner and platform charges. David Keneingutuo Sorunuo 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

1,00,000

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