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Tekru Doulo

#entrepreneur#hardworking
Tekru needs credit to expand his retail business.

Retailpreneur

Phek, Nagaland

50,000 has been disbursed

351 potential days of livelihood i

20,833.31 is the current outstanding balance

100 0 0 29167 0 0

100%

0%

0%


Tekru Doulo is an entrepreneur. He owns a retail store in Phek, Nagaland. The revenue from this business serves as an income for this family of six. Tekru wishes to expand his business and is seeking credit for the same. He will use the credit to renovate and restock his store. Help Tekru improve his family income by making his dreams come true.

I wish to set up another outlet of my shop in the heart of the town.

About Tekru Doulo's livelihood

Tekru is a retailpreneur who works 9 hours a day for 6 days a week. With this loan Tekru will potentially obtain employment for 351 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

4.0%

7.2% APR

Impact
Partner i

up to 4.0%

7.2% APR

Platform
charges i

2.0%

3.6% APR

The following section provides a detailed view of the investee loan requirement.

Loan
amount

50,000

Loan
tenure

12 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

 

A

Rang De confidence score

 i


B


Partner
Rating i

B

Loan
Profile i

A

Financial
Profile i

A

Entrepreneurs Associates

Nagaland
Partner since 2019

About

EA was founded to transform the broken economy of Nagaland, and foster a spirit of self-reliance & responsible leadership in the psyche of Nagas. They train, mentor and finance first generation entrepreneurs and help them set up successful businesses.

Impact Narrative

Rang De's partnership with EA works to a culture of entrepreneurship by making credit accessible to Naga entrepreneurs.

Rs 1,47,42,800

Disbursed

173

Investees

100%

Repayments

Access to finance has always been a challenge in Nagaland. Through Rang De, we can now provide low cost credit to our community with ease.

- Chubazen lkr, Assistant Program Manager, EA

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