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#RootforRangDe

Rang De is India’s first social lending platform where you can invest in people from low income households and earn nominal - moderate returns.

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Mezinulu Vero

# hustler#dedicated
Mezinulu Vero is looking forward to building her retail business with this credit.

Retailpreneur

Phek, Nagaland

1,00,000 has been disbursed

429 potential days of livelihood i

100,000 is the current outstanding balance


About Mezinulu Vero

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.

About Mezinulu Vero's livelihood

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.

Interest Rate
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

4.0%

7.2% APR

Impact
Partner i

up to 4.0%

7.2% APR

Platform
charges i

2.0%

3.6% APR

Loan Details

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

Investee Credit Rating i :
Rang De Credit Rating A B C
What it means Low Risk Medium Risk High Risk

B

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

Co-curated and referred by our Impact Partner

Entrepreneurs Associates

Nagaland
Partner since 2019

About

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.

Impact Narrative

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.

- Chubazen lkr, Assistant Program Manager, EA

0 more to go -39 days remaining

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