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NEELAM

DEVI

Beautypreneur

Rudraprayag, Uttarakhand

273 livelihood days

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NEELAM

DEVI

#progressive#ambitious
Invest in equipping Neelam's beauty parlour to expand her business

Beautypreneur

Uttarakhand

273 potential days of livelihood

25,000 loan is fully repaid

25,000 loan is fully repaid


About NEELAM

Mother of three, Neelam Devi has been running a beauty parlour in her hometown in Rudraprayag for a decade. Her husband, Ajay Kumar is a farmer who also works to contribute to the family’s income. Neelam has now decided to take charge and implement some changes to her parlour in a bid to welcome more clients thus growing her income. Neelam is seeking credit to restock and equip her parlour to enable her to expand the business. She hopes that by doing so, she will be able to provide better quality services for her clients thus establishing herself and the parlour as a household name in the village. In addition, the revenue from her business will be used to fend for the education of her three children as she strives to buy her very own store in the village. Join hands with ambitious Neelam today.

About NEELAM DEVI's livelihood

NEELAM is a beautypreneur who works 6 hours a day for 7 days a week. With this loan NEELAM 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. NEELAM DEVI has consented to pay the interest as below:

Investee
pays

10.00% flat p.a.

18.00% APR

Social
Investor

5.00%

9.00% APR

Platform
charges

5.00%

9.00% APR

Loan Details

The following section provides a detailed view of the investee loan requirement.

Loan
amount

25,000

Loan
tenure

18 months

Moratorium

None

Repayment
mode

EMI

Investee
occupation

Beauty parlour

Investee Credit Rating:
Good

Investee credit rating has been arrived at by our proprietary algorithm which factors in the following parameters: 1. Investee credit bureau scores 2. debt servicing ability

Co-curated and referred by our Impact Partner

Ushamath Mahila Mahasangh

   
Uttarakhand
Partner since 2019
Partner logo

About

UMM is an apex federation of women SHGs established in 2005, registered under Uttrakhand self-reliant cooperative act 2003, to meet the financial service needs of the poor living in one of the most underserved areas of Uttrakhand. UMM's mandate has been to focus on solutions that provide direct socio economic improvement to the marginalized and low-income households. AT India and UMM work in a predominantly rural, hill-based economy. There are limited avenues to credit access and lack of sustainable livelihood sources in these regions.

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.

Rupees Icon

Rs 43,90,000

Disbursed
User circle icon

127

Investees
Repayment icon

98.0%

Repayments
Left quotes

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

- UMM
RIght quotes
whatsapp_icon

3

3000

3

Total: ₹3000

FUNDS

INDIVIDUALS