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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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Nandlal Badoni

#pioneering#determined
Support Nandal grow his agricultural business and also become a spice merchant

Agripreneur

Tehri, Uttarakhand

35,000 has been disbursed

318 potential days of livelihood i

15,556.7 is the current outstanding balance

100 0 0 19443 0 0

100%

0%

0%


About Nandlal Badoni

Nandlal Badoni is a father, a husband, and farmer from Rudraprayag in Uttarakhand. He is seeking a loan to expand his eight-year-old farming business and grow his income. Nandlal intends to use the loan to buy seeds and agricultural equipment that will assist him on his farm, enabling him to increase his farming produce and cut down on the costs of production. More produce will mean more financial returns for Nandlal as he supports his family of four. His wife, Meenakashi is a graduate and also works in the agricultural sector to add to the family income. Nandlal's big dream is to open a spice business and trade in spices. Invest in pioneering Nandlal today.

My dream is open a spice business.

About Nandlal Badoni 's livelihood

Nandlal is an agripreneur who works 7 hours a day for 7 days a week. With this loan Nandlal will potentially obtain employment for 318 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

5.0%

9.0% APR

Impact
Partner i

up to 5.0%

9.0% APR

Platform
charges i

0.0%

0.0% APR

Loan Details

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

Farming

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

A

Financial
Profile i

A

Co-curated and referred by our Impact Partner

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

100%

Repayments

We have partnered with Rang De to ensure financial inclusion to the most excluded communities of Uttarakhand.

- UMM

0 more to go -425 days remaining

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