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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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Mina Devi

#achiever#growth
Support Mina as she hopes to set up a dairy business.

Agripreneur

Nawada, Bihar

40,000 has been disbursed

273 potential days of livelihood i

40,000 is the current outstanding balance


About Mina Devi

Mina Devi's five years in the animal husbandry business has her chasing her dreams. The humble mother wants to purchase a cow with the help of credit. With a family of five to support, Mina's wishes to build a large cowshed to nurture her herd. She plans to sell the milk in the neighbourhood and put the profits towards building her own dairy business. Invest in Mina's ambitions today.

I wish to build a big cowshed and nurture my cows.

About Mina Devi's livelihood

Mina is an agripreneur who works 6 hours a day for 7 days a week. With this loan Mina will potentially obtain employment for 273 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

40,000

Loan
tenure

16 months

Moratorium

2 months

Repayment
mode

EMI i

Investee
occupation

Animal husbandry

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

 

A

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
Sarva Seva Samity Sanstha

Established in

2003

With Rang De from

2020

Founded by

Shri Vijay Mahajan

Sarva Seva Samity Sanstha was promoted in 2003 as a not for profit society to serve the most marginalized and in areas where most professionals were not able to reach. This is the reason it got registered in Gaya and was mandated to work with women and marginalized in the most difficult blocks where there was almost no reach of any NGO, MFI, and government programs. Sarva Seva Samity since 2003 has been working silently over the years in deep pockets of Bihar, Odisha, and Jharkhand and undertaking tasks like contract farming in Potato, Fee-based SRI, cultivation of True potato seed, undertaking saving and credit activities. With this mission to be at the grassroots and work on developing a sustainable and equitable society, Sarva Seva Samity continues to strive to bring in new technologies and processes and take up challenging issues that will help the poor and marginalized a have a better living and standard of life.

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