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#RootforRangDe

Rang De is India’s first social lending platform where you can invest in people from low income households and earn nominal - moderate returns.

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Husnuddin Sheikh

#ambitious# keen
Husnuddin needs working capital for his weaving business.

Service Entrepreneur

Khargone, Madhya Pradesh

62,500 has been disbursed

62,500 is the current outstanding balance


About Husnuddin Sheikh

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
Interest Rate
The interest rate charged is split into returns for the social investor and charges incurred by the platform.

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

Loan Details

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

Investee Credit Rating i :
Rang De Credit Rating A B C
What it means Low Risk Medium Risk High Risk

B

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 Nivedita Rai
About me

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.

Why I am referring Husnuddin Sheikh

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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