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Javaraju kariyaiah

#Retailpreneur# Passionate
Invest in a music-lover's general store and echo growth

Retailpreneur

Mysuru, Karnataka

40,000 has been disbursed

409 potential days of livelihood i

14,000 is the current outstanding balance

76.47 5.88 17.65 26000 6000 2000

76%

18%

6%


Deep in the Western Ghats lies the town of Jayapura. An ambitious father and music-lover, Javaraju Kariyaiah has been running a general store in this town for seven years now and is looking to expand his business. An organised mind, Javaraju has carefully planned exactly how he’ll use the loan. He’s ready to put in the hours to make his dreams a reality, already working seven days a week. With an infusion of some capital, he could achieve a lot Javaraju wants to earn enough to provide a great education for his child, Vishal, who is currently in high school.

I dream of giving my son Vishal a great education.

About Javaraju kariyaiah's livelihood

Javaraju is a retailpreneur who works 9 hours a day for 7 days a week. With this loan Javaraju will potentially obtain employment for 409 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

40,000

Loan
tenure

20 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

 

B

Rang De confidence score

 i


B


Partner
Rating i

B

Loan
Profile i

B

Financial
Profile i

A

VILD Foundation

Karnataka
Partner since 2019

About

VILD Foundation has been working to improve the socio-economic status of communities through formation and promotion of SHGs, microcredit and facilitating income generation activities. Presently they facilitate around 311 SHGs covering 90 villages & 6 towns in Mysore district.

Impact Narrative

Rang De loans are enabling street vendors, farmers and micro entrepreneurs in rural Mysore to build and grow their businesses.

Rs 14,35,000

Disbursed

85

Investees

96%

Repayments

Rang De's concern towards excluded communities is reflected in the interest rates that are offered to the borrowers.

- N Mahadevswamy, Senior Manager, VILD

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