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Lakhpat Singh

#gogetter#persevering
Fund Lakhpat’s purchase of a buffalo and enable him to educate his two sons

Agripreneur

Rudraprayag, Uttarakhand

35,000 Loan is fully repaid

318 potential days of livelihood i


Lakhpat Singh is a humble father with a simple dream. He wants to see his older son Bipeen become a doctor and his younger son Sumit, an engineer. In order to ensure that both his sons are not restrained because of a lack of funding, Lakhpat is doing all that he can to secure sufficient savings. He is seeking a loan to buy a buffalo which will help increase his income through the sales of milk. He plans to sell the milk to the milk corporation in Rudraprayag, where it will be processed, earning him a fixed price per liter of milk sold. Fund Lakhpat to see his family soar.

My dream is to make my older son a doctor and my younger son an engineer.

About Lakhpat Singh 's livelihood

Lakhpat is an agripreneur who works 7 hours a day for 7 days a week. With this loan Lakhpat 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

Animal husbandry

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

B

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

0 more to go -656 days remaining

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