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Vikram

Lal

Retailpreneur

Rudraprayag, Uttarakhand

318 livelihood days

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

Vikram

Lal

#energetic#hardworker
Finance Vikram's stocking up of winter wear to sell at his retail store

Retailpreneur

Uttarakhand

318 potential days of livelihood

35,000 loan is fully repaid

35,000 loan is fully repaid


About Vikram

Vikram Lal is a hard worker. He runs a small retail store in Rudraprayag, Uttarakhand, which he opens up to customers seven days a week. He has been running the business for the last 15 years to support his wife, Saroja, who works as a farmer and his son, Sajeev who is enrolled in school. Now that winter has arrived, Vikram intends to stock up his store with winter apparel wear so he can meet the surge in demand for these items, and attract new customers to his store. He hopes this restock will enable him to make a good number of sales this season. In addition, Vikram hopes this step will enable him to take his business forward, and further expand it to save up and build a home for his family.

About Vikram Lal's livelihood

Vikram is a retailpreneur who works 7 hours a day for 7 days a week. With this loan Vikram 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. Vikram 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

35,000

Loan
tenure

18 months

Moratorium

None

Repayment
mode

EMI

Investee
occupation

Retail store

Investee Credit Rating:
Adequate

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