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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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Kuotele Mero

#Mumpreneur# Dreamer
Setting the bar for education in Kohima

Service Entrepreneur

Kohima, Nagaland

5,00,000 has been disbursed

318 potential days of livelihood i

374,999.99 is the current outstanding balance

100 0 0 125000 0 0

100%

0%

0%


About Kuotele Mero

Supermum Kuotele Mero is an advocate of education. She's a single mother to 13-year-old Wazole Mero who's a student in Kohima. Now, Kuotele is on a big mission to impact education in her community, with the Rang De loan to support her. She's setting up an educational institution to teach kids and mold them for the future. The loan will help her cover construction, transportation, and security costs and help her purchase learning material and toys. Invest today and fund Koutele’s venture as you empower her along her bold journey.

To educate and mold kids for their future endeavours.

About Kuotele Mero's livelihood

Kuotele is a service entrepreneur who works 7 hours a day for 7 days a week. With this loan Kuotele will potentially obtain employment for 318 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

5.0%

9.0% APR

Impact
Partner i

up to 5.0%

9.0% APR

Platform
charges i

0.0%

0.0% APR

Loan Details

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

Loan
amount

5,00,000

Loan
tenure

36 months

Moratorium

None

Repayment
mode

EMI i

Investee
occupation

Professional services

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

A

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 -470 days remaining

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