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Wemeyie Mero Kezhenuo

#entrepreneur#hardworking
Wemeyie needs credit to expand his convenience store.

Retailpreneur

Nagaland, Nagaland

1,50,000 has been disbursed

364 potential days of livelihood i

112,500 is the current outstanding balance

85.71 0 14.29 37500 6250 0

86%

14%

0%


Wemeyie is a young entrepreneur from Kohima, Nagaland. He has been running a convenience store for the last three years. Wemeyie and his brother work seven days a week to support their mother. With the ambition to provide the best services to his customers, Wemeyie is seeking credit. He will use this sum to upgrade his store by purchasing new furniture and restocking the products in his store. The credit will also help him meet the transportation and labour costs. Support Wemeyie fulfil his ambitions.

I wish to become a successful entrepreneur and provide the best service to my customers.

About Wemeyie Mero Kezhenuo's livelihood

Wemeyie Mero is a retailpreneur who works 8 hours a day for 7 days a week. With this loan Wemeyie Mero 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

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

1,50,000

Loan
tenure

24 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

No credit history available

 

Rang De confidence score

 i


B


Partner
Rating i

B

Loan
Profile i

B

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

171

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

0 more to go -186 days remaining

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