Rang De is India’s first social lending platform where you can invest in people from low income households and earn nominal - moderate returns.
Service Entrepreneur
Khargone, Madhya Pradesh
₹ 62,500 has been disbursed
₹ 62,500 is the current outstanding balance
Husnuddin is a hard-working weaver who has taken the responsibility of supporting his family at a very young age. He lives with a family of six in a rented house. Due to the pandemic, the whole family has lost their means of livelihood. Husnuddin needs a loan to purchase raw materials and pay wages to his weavers to complete an order which can help him stay afloat. Invest in Hasnuddin as he weaves a better future for his family.
I wish to save enough for the future
Investee
pays i
4.0% flat p.a.
7.2% APR
Social
Investor i
3.0%
5.4% APR
Platform
charges i
1.0%
1.8% APR
The following section provides a detailed view of the investee loan requirement.
Loan
amount
₹ 62,500
Loan
tenure
24 months
Moratorium
3 months
Repayment
mode
EMI i
Investee
occupation
Others
I am Nivedita , I work as executive director at Gudi Mudi Khadi. Hasnuddin works for the same company. He is one of our weavers who has been working with us for quite a long time. The pandemic has disrupted his life as the income has been scarce. He wants to resume his work and make more artifacts but needs an input loan to buy raw materials as his savings have been exhausted in these tough times. I believe in his perseverance and a little help will get him going.
Husnuddin is a hard working weaver who has taken the responsibility of supporting his family at a very young age. He lives with a family of six in a rented house. Due to the pandemic the whole family has lost their means of livelihood. Husnuddin needs a loan to purchase raw materials and pay wages to his weavers to complete an order which can help him stay afloat. Invest in Hasnuddin as he weaves a better future for his family.
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