false
false 0 0 kXYbn5kdX6

Dipak Navnath

Adagle

Service Entrepreneur

Ahmednagar, Maharashtra

50,000 loan needed Tranche : 1

Borrower Image 1 Borrower Image 2 Borrower Image 3 Borrower Image 4

Dipak Navnath

Adagle

#familyman#provider
Invest in Dipak, a determined father, and mason.

Service Entrepreneur

Maharashtra

50,000 loan needed Tranche : 1

Dipak Navnath Adagle's loan is cancelled and investments shall be reverted.


About Dipak Navnath

Dipak has been living in Sanjaynagar for over five years. He works as a mason in nearby construction sites and supports his family of four through this income. He has got a fourteen-year-old daughter Sakshi and a twelve-year-old son Rahul and is determined to do his best to give them the opportunity to succeed. The priority for him with his new home is to give his children the comfort they need to focus on their studies. His dream is to see them in secure well paying jobs and he is driven to do all that it takes to make this happen.

Interest Rate

The interest rate charged is split into returns for the social investor, fees for the impact partner and platform charges. Dipak Navnath Adagle has consented to pay the interest as below:

Investee
pays

5.50% flat p.a.

9.90% APR

Social
Investor

2.00%

3.60% APR

Platform
charges

3.50%

6.30% APR

Loan Details

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

Loan
amount

50,000

Loan
tenure

36 months

Moratorium

None

Repayment
mode

EMI

Investee
occupation

Construction

Investee Credit Rating:
Excellent

Investee credit rating has been arrived at by our proprietary algorithm which factors in the following parameters: 1. Investee credit bureau scores 2. debt servicing ability

Co-curated and referred by our Impact Partner

Snehalaya

   
Maharashtra
Partner since 2020
Partner logo

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.

Rupees Icon

Rs 25,40,000

Disbursed
User circle icon

27

Investees
Repayment icon

88.0%

Repayments
Left quotes

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
RIght quotes
whatsapp_icon

3

3000

3

Total: ₹3000

FUNDS

INDIVIDUALS