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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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Donuo Ngukha

#provider#courageous
Donuo Ngukha needs fund to renovate and restock her shop.

Retailpreneur

Kohima, Nagaland

1,50,000 has been disbursed

364 potential days of livelihood i

137,500 is the current outstanding balance

100 0 0 12500 0 0

100%

0%

0%


About Donuo Ngukha

Donuo Ngukha is an ambitious woman. She juggles being a full-time mother while simultaneously running an apparel store in Kohima, Nagaland. Now, Donuo wishes to expand her business venture by adding more clothing to the store. This will help support her husband and will also let Donuo save up money to construct a house in Kohima for her family and her. The loan will help boost the sales at the store by drawing in more customers and in the process empower Donuo as she strives to become a successful businesswoman.

I wish to set up new outlets in other parts of the town.

About Donuo Ngukha's livelihood

Donuo is a retailpreneur who works 8 hours a day for 7 days a week. With this loan Donuo 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

4.0%

7.2% APR

Impact
Partner i

up to 4.0%

7.2% APR

Platform
charges i

2.0%

3.6% APR

Loan Details

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

Loan
amount

1,50,000

Loan
tenure

12 months

Moratorium

None

Repayment
mode

EMI i

Investee
occupation

Apparel store

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

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 94,42,800

Disbursed

124

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

0 more to go -51 days remaining

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