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Pradeep Singh

#pioneer#skillful
Empower Pradeep as he expands his electronics repair shop to serve Rudraprayag

Service Entrepreneur

Rudraprayag, Uttarakhand

25,000 Loan is fully repaid

318 potential days of livelihood i


Pradeep Singh is not just becoming financially savvy but is welcoming the wave of technology taking over his village. The growing number of mobile phone users in Rudraprayag means the demand for technical repairs is on the rise. As Pradeep is equipped with the required skills, he's decided to give the entrepreneur in him a chance. He plans to expand his repair centre and also begin to sell mobile phones and other electronics that will come in handy for the residents. Invest in skillful Pradeep as he provides important services to his community members.

My dream is to become a successful businessman.

About Pradeep Singh's livelihood

Pradeep is a service entrepreneur who works 7 hours a day for 7 days a week. With this loan Pradeep will potentially obtain employment for 318 days.

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

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 i

Investee
occupation

Repair works

i :

B

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

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

A

Financial
Profile i

A

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

86%

Repayments

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

- UMM

0 more to go -672 days remaining

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