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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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Ngochulo o Koza

#millennial#spirited
Fuel growth for Ngochulo’s apparel business and help her rise as a role model

Retailpreneur

Kohima, Nagaland

1,50,000 has been disbursed

273 potential days of livelihood i

150,000 is the current outstanding balance


About Ngochulo o Koza

Ngochulo o Koza has a unique story. She and her four siblings lost their parents when they were very young and were forced to step things up to fend for themselves. Ngochulo chose to walk down the entrepreneurial path and is determined to make her business soar. Her dream is to set up multiple apparel stores and become an example to the youth of Kohima as a successful businesswoman. She is seeking credit to scale up her one-year-old apparel store and plans to restock her collection and also renovate the store to hold this bigger collection. The loan will also cover the costs of transporting the goods to her store. She lives with her two brothers and two sisters and hopes her business venture will enable her to fend for all their needs. Her youngest sister Vekhota o Koza is still studying and Ngochulo is determined to support her education. Invest in young and spirited Ngochulo and help her establish a successful business and become a role model for youth in Kohima.

My dream is to set up multiple stores and to become an example to the youth as a successful businesswoman.

About Ngochulo o Koza's livelihood

Ngochulo o is a retailpreneur who works 7 hours a day for 6 days a week. With this loan Ngochulo o 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

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

1,50,000

Loan
tenure

12 months

Moratorium

None

Repayment
mode

EHI i

Investee
occupation

Apparel 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

A

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 1,04,42,800

Disbursed

145

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 -358 days remaining

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