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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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Shanti Devi

#spirited#tireless
Shanti is joining forces with her family to open up a furniture store

Service Entrepreneur

Ajmer, Rajasthan

50,000 has been disbursed

364 potential days of livelihood i

27,777.76 is the current outstanding balance

100 0 0 22222 0 0

100%

0%

0%


About Shanti Devi

Shanti Devi is a woman on her toes. She has decided to join hands with her husband and son, both skilled carpenters, to set up a thriving furniture business. She is seeking credit to buy a bulk of different types of wood and a saw machine. Shanti intends on pitching into the work by polishing and painting the furniture before it is sold. Having previously engaged in both farming and animal husbandry businesses, Shanti has decided to now focus more of her time and efforts on growing her family business. Her dream is to soon open up a shop to sell this furniture, and expand this into a large and well known furniture store. Invest in Shanti to see her soar.

My dream is to establish a large furniture store.

About Shanti Devi's livelihood

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

50,000

Loan
tenure

18 months

Moratorium

None

Repayment
mode

EMI i

Investee
occupation

Professional services

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

B

Co-curated and referred by our Impact Partner

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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