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Sumitra Shrma

#progressive#breadwinner
Support Sumitra in expanding her unique water supply business

Service Entrepreneur

Ajmer, Rajasthan

40,000 has been disbursed

364 potential days of livelihood i

16,666.62 is the current outstanding balance

93.33 0 6.67 23333 1667 0

93%

7%

0%


Sumitra Sharma's six-year-old business is all about serving her community. She lives with her parents and her brother and is the sole breadwinner of the family. She works seven days a week to deliver water to people in her village. Sumitra is seeking credit to scale up the business to purchase a water tanker making it easier to supply water across locations. Not only does she hope to increase her monthly income and support her family, but also to be able to offer relief to the residents during the water crisis. It is a highly beneficial and needy service that Sumitra has chosen to spearhead. Support Sumitra as she wins for her community.

My dream is to buy a new water tanker to provide water supply to more localities.

About Sumitra Shrma's livelihood

Sumitra is a service entrepreneur who works 8 hours a day for 7 days a week. With this loan Sumitra 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

Others

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

A

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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