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Alaka Narayan Londhe

#strength#breadwinner
Alaka Narayan needs credit to restock her store.

Service Entrepreneur

Beed, Maharashtra

25,000 has been disbursed

364 potential days of livelihood i

15,277.77 is the current outstanding balance

100 0 0 9722 0 0

100%

0%

0%


Alaka Narayan owns a small general store in Beed, Maharashtra. She has been working hard for eight hours everyday, to support her family. With the credit, she hopes to restock her store. An increased stock will help her reach out to more customers from her neighbourhood. The increased income from her business will help her provide a good future for her children.

I wish to provide my family with a secure future.

About Alaka Narayan Londhe's livelihood

Alaka Narayan is a service entrepreneur who works 8 hours a day for 7 days a week. With this loan Alaka Narayan 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

25,000

Loan
tenure

18 months

Moratorium

None

Repayment
mode

EMI i

Investee
occupation

Others

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

A

Financial
Profile i

B

Navchetana Sarvagin Vikas Kendra

Established in

2008

With Rang De from

2020

Founded by

Manisha Ghule

Navchetana Sarvangin Vikas Kendra (NSVK) works with the most marginalised communities of Marathwada, Maharashtra to empower them socially and economically. Navchetna strives to transform unjust structures of the society from the grassroots, and build harmonious and self-sufficient communities for people from various religions, languages, and cultures.

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