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Alaka Patil

#inspiring#ambitious
Enable mother of three, Alaka purchase a buffalo to grow her milk business

Agripreneur

Solapur, Maharashtra

40,000 has been disbursed

273 potential days of livelihood i

28,888.85 is the current outstanding balance

62.5 0 37.5 11111 6667 0

62%

38%

0%


Hailing from Solapur, Maharashtra is mumpreneur Alaka Patil. She is looking to grow the income from her animal husbandry business of five years, and is seeking credit to purchase a buffalo. She will sell this buffalo milk to the local milk corporation and hopes that the increase in milk sales will help her grow her income. Alaka is determined to do her best to ensure her children do not fall short on their dreams. Her oldest son Suraj wishes to become a police officer and she’s driven to support his dream. Her long-term plan is to purchase an additional plot of land to supplement her existing livelihood activity by starting a farming business. Join hands with industrious Alaka today.

I dream of seeing my son become a police officer.

About Alaka Patil's livelihood

Alaka is an agripreneur who works 6 hours a day for 7 days a week. With this loan Alaka will potentially obtain employment for 273 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

5.0%

9.0% APR

Impact
Partner i

up to 5.0%

9.0% APR

Platform
charges i

0.0%

0.0% APR

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

Loan
amount

40,000

Loan
tenure

18 months

Moratorium

None

Repayment
mode

EMI i

Investee
occupation

Animal husbandry

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

Sakhi Samudaya Kosh

Maharashtra
Partner since 2019

About

SSK works to enable alternative entrepreneurship among agrarian communities in drought-prone areas of Maharashtra. They train women and girls belonging to low income households in entrepreneurship, financial and digital literacy, leadership and business development, and also provide access to credit, technology and markets.

Impact Narrative

Rang De has partnered with SSK to provide women leaders in the community with access to affordable and timely credit.

Rs 1,16,60,500

Disbursed

394

Investees

98%

Repayments

Customized loan products with affordable interest rates and long repayment tenures help the women entrepreneurs in our community to reinvest their income and expand their business turnover.

- Amar Shrimal, Chief Operations Officer, SSK

0 more to go -452 days remaining

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