Rang De is India’s first social lending platform where you can invest in people from low income households and earn nominal - moderate returns.
Retailpreneur
Phek, Nagaland
₹ 1,00,000 has been disbursed
429 potential days of livelihood i
₹ 100,000 is the current outstanding balance
Mezinulu Vero is an entrepreneur, hailing from Phek, Nagaland. She has a small retail business but is looking forward to expanding it. She wishes to renovate the store and purchase more stocks, this loan will also enable her to pay the transportation costs incurred for this. Investing in Mezinulu will help her fulfill her dreams and provide for her family.
I wish to provide my family with a great future.
Mezinulu is a retailpreneur who works 11 hours a day for 6 days a week. With this loan Mezinulu will potentially obtain employment for 429 days.
Investee
pays i
10.0% flat p.a.
18.0% APR
Social
Investor i
4.0%
7.2% APR
Impact
Partner i
up to 4.0%
7.2% APR
Platform
charges i
2.0%
3.6% APR
The following section provides a detailed view of the investee loan requirement.
Loan
amount
₹ 1,00,000
Loan
tenure
12 months
Moratorium
None
Repayment
mode
EMI i
Investee
occupation
Retail store
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.
Rang De's partnership with EA works to a culture of entrepreneurship by making credit accessible to Naga entrepreneurs.
Rs 1,00,92,800
Disbursed
140
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.
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