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Ambadas Ganpat Atak

#ambitious# hardworking
Ambadas needs credit to finish the construction of his house.

Agripreneur

Ahmadnagar, Maharashtra

50,000 has been disbursed Tranche : 0

41,666.64 is the current outstanding balance

100 0 0 8333 0 0

100%

0%

0%


Ambadas lives in Ahmadnagar, Maharashtra with his family where he sells utensils. He started the construction of his house before Covid and due to the pandemic he couldn't finish the construction of his house. Currently, he is very close to finishing up the construction of his house and needs credit to meet the construction related expenses. This loan would support him and his family in owning a house. Invest in Ambadas today!

I want to educate my daughter so that she can become a police officer.
The interest rate charged is split into returns for the social investor, fees for the impact partner and platform charges.

Investee
pays i

5.5% flat p.a.

9.9% APR

Social
Investor i

2.0%

3.6% APR

Impact
Partner i

up to 2.0%

3.6% APR

Platform
charges i

1.5%

2.7% APR

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

Loan
amount

50,000

Loan
tenure

24 months

Moratorium

None

Repayment
mode

EMI i

Investee
occupation

Non-agro products

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

Snehalaya

Maharashtra
Partner since 2020

About

Snehalaya provides rescue, rights and rehabilitative services to communities who have been deprived of their fundamental rights. They are now working with Curry Stone Design Collaborative and Hunnarshala on a redevelopment program for the slums of Sanjaynagar in Ahmednagar.

Impact Narrative

This partnership will enable about 300 slum dwellers of Sanjaynagar to become proud owners of their dream homes.

Rs 10,20,000

Disbursed

11

Investees

92%

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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