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Mahadevaswmy Siddiah

#Retailpreneur# Hardworker
Talk business with Mahadevaswamy

Retailpreneur

Mysuru, Karnataka

40,000 has been disbursed

409 potential days of livelihood i

6,000 is the current outstanding balance

100 0 0 34000 0 0

100%

0%

0%


Mahadevaswmy Siddiah's retail store is a happy and happening place. The store is well known around Jayapura and spirited Mahadevaswmy is thinking business. He works seven days a week and is leaving no stone unturned. Aware of the growing market, he is determined to increase customer visits to his store. This loan is his opportunity to make purchases of groceries, soaps and detergents for the store. With these purchases, Mahadevaswmy can continue expanding the store as he wishes. Contribute today to see him climb the ladder of entrepreneurial success.

I'm working towards constructing a new house.

About Mahadevaswmy Siddiah's livelihood

Mahadevaswmy is a retailpreneur who works 9 hours a day for 7 days a week. With this loan Mahadevaswmy 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

No credit history available

 

Rang De confidence score

 i


B


Partner
Rating i

B

Loan
Profile i

B

Financial
Profile i

B

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

0 more to go -720 days remaining

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