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Zaveba Hoshi

#passionate#hustler
Zaveba needs credit to renovate and revamp his repairs shop.

Service Entrepreneur

Phek, Nagaland

1,50,000 has been disbursed

390 potential days of livelihood i

112,500 is the current outstanding balance

75 0 25 37500 12500 0

75%

25%

0%


Zaveba Hoshi lives with a family of five. He owns a repair workshop in Phek, Nagaland. He is looking to expanding the business. He needs to purchase advanced tools and parts, renovate the store, and meet the transportation costs with the loan. Being the sole breadwinner of his family, expanding the business would mean a higher income to meet the family's needs in time. This credit would help in making his dreams come true.

I wish to have advanced tools and machines and expand my workshop.

About Zaveba Hoshi's livelihood

Zaveba is a service entrepreneur who works 10 hours a day for 6 days a week. With this loan Zaveba will potentially obtain employment for 390 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

12 months

Moratorium

None

Repayment
mode

EMI i

Investee
occupation

Repair works

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

B

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 1,37,42,800

Disbursed

163

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 -120 days remaining

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