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Ashok Kumar

#father# caring# determined
Support Ashok give his daughter Sunita the wedding of her dreams.

Hotelier

South Delhi, Delhi

50,000 Loan is fully repaid


Ashok has been working in the housekeeping sector for the last 19 years, and is now the supervisor of his team. He is the father of five beautiful children, four daughters and one son. Sunita, his oldest daughter is getting married on the 8th of November. He’s really happy to be celebrating this once in a lifetime occasion and wants to give her the best experience he can afford. His savings took a hit because of two years of unforeseen unemployment, and so, by taking this loan he’s doing his best to give Sunita the wedding of her dreams.

My dream is to provide the best that I can for my children until they are independent and can stand on their own feet.
The interest rate charged is split into returns for the social investor and charges incurred by the platform.

Investee
pays i

10.0% flat p.a.

18.0% APR

Social
Investor i

8.0%

14.4% 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

12 months

Moratorium

None

Repayment
mode

EMI i

Investee
occupation

Hospitality

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


Loan
Profile i

B

Financial
Profile i

A

Referred by Vivek Joshi
About me

I am a startups, stock markets and social change enthusiast. My motivation to start off on my own was driven primarily by a sense of adventure. In April 2011, I quit my day job as a working founder, and have since spent my time enjoying the feeling of not having to work for a living, and soaking in precious moments with my two sons. One of my biggest passions is systemic change. This is linked to my deepest, darkest fear of dying without having done anything to make the world a better place. I made a tiny attempt at this with my endeavour www.cashrelief.org in April, 2018.

Why I am referring Ashok Kumar

I've known Ashok for more than 20 years through his wife Anjali who works in my home. When the demonetisation crisis struck, Ashok lost his job and it took him two years to secure another one. During this time his savings dwindled, and he now needs financial support to fund his daughter, Sunita’s wedding. Unfortunately he could not get a loan from the bank and so I decided to lend to him through Rang De. My intention is to help him build a credit score, so that he can access banks for his credit needs in the future.

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