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Sudama

Devi

Beautypreneur

Rudraprayag, Uttarakhand

364 livelihood days

Borrower Image 1 Borrower Image 2 Borrower Image 3

Sudama

Devi

#determined#strong
Set Sudama up for success by investing in her beauty parlour

Beautypreneur

Uttarakhand

364 potential days of livelihood

50,000 loan is fully repaid

50,000 loan is fully repaid


About Sudama

Mumpreneur Sudama Devi has been running a mini beauty parlour in Rudraprayag for the last one year. She is now seeking credit to stock up on a range of products that she requires to offer her services. Sudama is a determined woman and has been supporting her family single-handedly, as her husband Yogendra is not currently employed. She is a mother of two youngsters Ashish and Ashan, who are studying in school. Sudama is driven by her desire to give her children the best quality of education that she can afford, and she hopes this investment will help her business grow, and increase her income. Invest in Sudama as she leaps forward for her family.

About Sudama Devi's livelihood

Sudama is a beautypreneur who works 8 hours a day for 7 days a week. With this loan Sudama 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. Sudama Devi 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

50,000

Loan
tenure

18 months

Moratorium

None

Repayment
mode

EMI

Investee
occupation

Beauty parlour

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