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Renu Devi

#inspiring#ambitious
Fund Renu's retail store upgrade as she saves up for medical school

Retailpreneur

Ajmer, Rajasthan

40,000 has been disbursed

364 potential days of livelihood i

16,399.95 is the current outstanding balance

100 0 0 23600 0 0

100%

0%

0%


Renu Devi is a determined young woman. She has a big dream and wants to enrol into medical school to become a doctor. However, young Renu is still working hard to support her family so they can become financially stable. Before she started working, her father, Satynaran was the sole breadwinner of her family, Her brother Hansraj is still studying in school and their mother, Seema is a homemaker. Renu currently runs a retail store in Ajmer, Rajasthan where she sells grocery items and other daily use items. She is now seeking credit to restock the store with many more items. She also wants to revamp the store with some furniture to display and store her larger collection of items. In the future, Renu is looking to establish a wholesale store to better her income, and the quality of life for her family. Fund inspiring Renu today.

My dream is to become a doctor.

About Renu Devi's livelihood

Renu is a retailpreneur who works 8 hours a day for 7 days a week. With this loan Renu will potentially obtain employment for 364 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

40,000

Loan
tenure

24 months

Moratorium

None

Repayment
mode

EMI i

Investee
occupation

Retail store

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

B

Financial
Profile i

B

Rajasthan Mahila Kalyan Mandal

Rajasthan
Partner since 2019

About

RMKM began working in the field of disability and rehabilitation in 1988, but has expanded to support the children and women of Rajasthan in many ways. RMKM works to create empowered women entrepreneurs by providing them with access to education, health services and credit.

Impact Narrative

Credit is virtually inaccessible to the women entrepreneurs in Rajasthan. The Rang De loans are designed to empower these women to start and grow their businesses.

Rs 37,05,000

Disbursed

80

Investees

100%

Repayments

Rang De works with the same mission as ours - upliftment and welfare of the poor, backward and the specially abled, leading to their respectful and dignified life in the society.

- Nanu Lal Prajapati, Head of Livelihoods project, RMKM

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