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Mastan Singh

#progressive#dreamer
Enable Mastan repair his cab to continue smooth running services

Service Entrepreneur

Rudraprayag, Uttarakhand

35,000 has been disbursed

318 potential days of livelihood i

20,361.36 is the current outstanding balance

53.77 24.8 21.43 14639 5833 6750

54%

21%

25%


Hardworking father Mastan Singh is the owner of a cab used to provide transport facilities for the residents of Rudraprayag. Mastan has however been holding back on the much-needed repairs of his vehicle because of the lack of funds. Now, with easier access to credit, Mastan can finally make repairs to his vehicle. A smooth-running vehicle means he will be able to complete more rides in a day earning him a better income. He hopes to put aside a substantial amount from his earned funds to buy another vehicle to use as a cab. Mastan's dream is to eventually expand his cab business to meet the need for transportation services in his town as it progresses.

My dream is to expand my cab business.

About Mastan Singh 's livelihood

Mastan is a service entrepreneur who works 7 hours a day for 7 days a week. With this loan Mastan 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

Transport services

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

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