Keviseili looks after his old father and his younger sister by cultivating pineapples in his farm which is the sole source of their financial sustenance. He has been working on his farm for five years now and needs help as the new sowing season begins. With this loan amount, Keviselie will be able to buy saplings, necessary tools and meet the labor expense. Invest in Keviselie as he takes up on the responsibility of his family at this young age.
Keviselie H is an agripreneur who works 10 hours a day for 7 days a week. With this loan Keviselie H will potentially obtain employment for 455 days.
The interest rate charged is split into returns for the social investor, fees for the impact partner and platform charges. Keviselie H Vakha has consented to pay the interest as below:
Investee
pays
0.00% flat p.a.
0.00% APR
Social
Investor
0.00%
0.00% APR
Platform
charges
0.00%
0.00% APR
The following section provides a detailed view of the investee loan requirement.
Loan
amount
₹ 50,000
Loan
tenure
18 months
Moratorium
None
Repayment
mode
Flexible repayments
Investee
occupation
Farming
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.
Rang De's partnership with EA works to a culture of entrepreneurship by making credit accessible to Naga entrepreneurs.
Rs 1,83,72,800
Disbursed
211
Investees
99.0%
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.
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