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Afsana Bano

#ambitious# zeal
Afsana stitches and embroiders to earn bread for her daughters.

Creative Entrepreneur

Ajmer, Rajasthan

50,000 has been disbursed

364 potential days of livelihood i

30,555.54 is the current outstanding balance

100 0 0 19444 0 0

100%

0%

0%


Afsana comes from Babaycha in Ajmer, Rajasthan. She runs an embroidering business at home, which supports her family. She lives with her husband and two daughters. The embroidering business has ensured extra income for the household in past two years. Afsana wishes to expand her enterprise by adding mechanized motor to her sewing and she also wishes to add another sewing machine to work. She is looking for a loan to invest in the machinery and cloth material to add to the stock. She wishes to save the income to build walls around her house and instal a water tank in her house. This aid could help her take a step towards the big shop that she dreams to own one day.

I wish to own a bigger shop one day.

About Afsana Bano's livelihood

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

50,000

Loan
tenure

18 months

Moratorium

None

Repayment
mode

EMI i

Investee
occupation

Embroidery

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

B

Financial
Profile i

B

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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