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Seetaram siddhu

lal

Service Entrepreneur

Rudraprayag, Uttarakhand

Loan Written Off

318 livelihood days

Borrower Image 1 Borrower Image 2 Borrower Image 3 Borrower Image 4 Borrower Image 5

Seetaram siddhu

lal

#determined#gogetter
Support Seetaram make repairs to his vehicle so his business can run smoothly

Service Entrepreneur

Uttarakhand

Loan Written Off

318 potential days of livelihood


About Seetaram siddhu

Working seven days a week for seven hours each day is ambitious Seetaram Siddhu Lal. He runs a transport service business to help support his family. His wife, Sampati Devi earns an income of Rs.4,000 per month by working in the agriculture sector. Now, Seetaram is seeking credit to make vital repairs to his car which has not been running smoothly. He hopes that servicing his car will allow him to make the most out of it during the hours he works, and enable him to maximize his output thus growing his monthly income. His dream is to then buy one more vehicle to use as a cab. By funding in industrious Seetaram, you can help set off a chain reaction to expand his fleet of vehicles and his cab business. Join hands with him today.

About Seetaram siddhu lal's livelihood

Seetaram siddhu is a service entrepreneur who works 7 hours a day for 7 days a week. With this loan Seetaram siddhu 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. Seetaram siddhu lal 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

40,000

Loan
tenure

18 months

Moratorium

None

Repayment
mode

EMI

Investee
occupation

Transport services

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