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Lalita Devi

#progressive#committed
Invest in Lalita's cow purchase so she can better the quality of life for her children

Agripreneur

Rudraprayag, Uttarakhand

35,000 has been disbursed

318 potential days of livelihood i

21,388.85 is the current outstanding balance

77.78 0 33.33 13611 5833 0

78%

33%

0%


Lalita Devi is a mumpreneur from Rudraprayag, Uttarakhand. She's a mother to two teenage boys, 14-year-old Divyanshu and 16-year-old Priyanshu who are both studying. Her husband, Chandra, works in the agriculture sector and also contributes to the family's income. Now with growing family expenses, Lalita is wary of the need to grow her family’s income. She has decided to take a loan to launch a new animal husbandry business so she can share the role of a breadwinner with her husband. She hopes to use the loan to finance the purchase of a cow, a worthy asset for her new business. Lalita will be able to make an income from milk sales in and around her village. In the long run, she plans on running a full-fledged dairy business to grow her monthly income and to provide her children with a good education and better quality of life.

My dream is to provide my children with good education and medical facilities.

About Lalita Devi's livelihood

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

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

100%

Repayments

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

- UMM

0 more to go -417 days remaining

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