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Hari Mohan

#dreamer#visionary
Hari is restocking winter clothing in his store for the residents of Rudraprayag

Retailpreneur

Rudraprayag, Uttarakhand

35,000 Loan is fully repaid

318 potential days of livelihood i


Entrepreneur and graduate Hari Mohan is bracing himself for the cold weather. Aware that the demand for winter clothing is likely to go up in the next few weeks, Hari has decided to invest in a restock of winter wear at his store. He intends to use the loan to make the bulk purchase of clothing to be sold at the store to meet the demands of the season. Hari hopes that sales will go up during this season, and he will be able to make some good returns. His plan is to then open another shop at the famous Ukhimath market where he can serve many more customers. Furthermore, Hari dreams of one day owning his own car which he can use to travel around the village. Support Hari on his exciting journey.

My dream is to expand my business and own a car.

About Hari Mohan 's livelihood

Hari is a retailpreneur who works 7 hours a day for 7 days a week. With this loan Hari will potentially obtain employment for 318 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

5.0%

9.0% APR

Impact
Partner i

up to 5.0%

9.0% APR

Platform
charges i

0.0%

0.0% APR

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

Loan
amount

35,000

Loan
tenure

18 months

Moratorium

None

Repayment
mode

EMI i

Investee
occupation

Retail 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

No credit history available

 

Rang De confidence score

 i


B


Partner
Rating i

B

Loan
Profile i

A

Financial
Profile i

A

Ushamath Mahila Mahasangh

Uttarakhand
Partner since 2019

About

UMM works with women SHG groups in the remotest parts of Uttarakhand. To stop the tremendous migration of people from this region, UMM works to build self-sufficient entrepreneurs from the community.

Impact Narrative

The difficult terrain and extreme weather of Uttarakhand makes it an arduous task for the people of the state to access financial services. The partnership between Rang De and UMM works towards bridging this gap.

Rs 43,90,000

Disbursed

127

Investees

86%

Repayments

We have partnered with Rang De to ensure financial inclusion to the most excluded communities of Uttarakhand.

- UMM

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