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Aakash

Mane

logoFood Entrepreneur

logo Ahmednagar, Maharashtra

logo 90,000 has been disbursed Tranche : 0

b-img b-img b-img b-img b-img

Aakash

Mane

#believer#positive
Invest in Aakash to complete the construction of his house.

logoFood Entrepreneur

logo Ahmednagar, Maharashtra

logo 90,000 has been disbursed Tranche : 0

71,898 is
the current outstanding balance

65.83 6.9 27.27 18102 7500 1898

66%

27%

7%


Aakash is a resident of Ahmednagar district in Maharashtra where he lives with his family of three and runs the household with the help of the money earned from his food stall. He is constructing his dream house now. Due to the current pandemic it is hard for him to arrange funds to meet the construction expenses. He needs a loan for the same and it will be used to meet the customization expenses of his house. Invest in Aakash today as he hopes to move to the new house with his family soon.

I wish to lead a happy and quality life with my family.
The interest rate charged is split into returns for the social investor, fees for the impact partner and platform charges.

Investee
pays The rate of interest charged to the investee

5.50% flat p.a.

9.90% APR

Social
Investor The rate of return an investor makes

2.00%

3.60% APR

Impact
Partner The rate of return an impact partner makes

up to 2.00%

3.60% APR

Platform
charges The charges, the platform incurs by offering it's services

1.50%

2.70% APR

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

Loan
amount

90,000

Loan
tenure

36 months

Moratorium

None

Repayment
mode

EMI Equated Monthly Instalment

Investee
occupation

Food stall

The credit rating of the investee is arrived at by using a proprietary algorithm that factors in the investee’s credit score and the performance rating of the Impact Partner.

Snehalaya

   
Maharashtra
Partner since 2020

About

Snehalaya works towards developing awareness and capabilities of individuals who have been deprived of their fundamental rights, as a result of the inequalities that exist in our society. The agency provides rescue, rights and rehabilitative services to the communities in most need. They are now working with Curry Stone Design Collaborative and Hunnarshala Foundation on a redevelopment program for the slums of Sanjaynagar in Ahmednagar.

Impact Narrative

This partnership will enable 298 families of Sanjaynagar in Ahmednagar to become proud owners of their dream homes.

Rs 25,40,000

Disbursed

27

Investees

100.0%

Repayments

At a time when most banks and micro-finance institutions turned the residents of Sanjaynagar away, our partnership with Rang De has enabled us to introduce our community members to formal sources of credit for the first time.

- Hanif Shaikh, Assistant Director- Education, Snehalaya
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3

3000

3

Total: ₹3000

Your Investees

Total Lives Impacted

0

Days of Livelihood

0