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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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Julekha Mujawar

#pioneer#committed
Support Julekha restock her apparel store as she dreams of starting to farm

Retailpreneur

solapur, Maharashtra

50,000 has been disbursed

273 potential days of livelihood i

30,555.54 is the current outstanding balance

100 0 0 19444 0 0

100%

0%

0%


About Julekha Mujawar

For three years Julekha Mujawar has been running an apparel store in Solapur to support her husband and children. She is now seeking credit to restock her store to grow her income. Julekha hopes to finance the purchase of bangles and clothing to add to her store to welcome more customers. With more products available at the store, Julekha will be able to make a better revenue at the end of every month. In addition, she will be able to add a small amount to a savings fund to purchase a farm. Her dream is to supplement the income from her apparel store with that of a farming business to fend for her family. In the near future, Julekha hopes her business venture will be of profit and will bring her a step closer to owning her own shop in the village. Support Julekha on her mission today.

My dream is to buy a farm and start a farming business.

About Julekha Mujawar's livelihood

Julekha is a retailpreneur who works 6 hours a day for 7 days a week. With this loan Julekha will potentially obtain employment for 273 days.

Interest Rate
The interest rate charged is split into returns for the social investor, fees for the impact partner and platform charges.

Investee
pays i

10.0% flat p.a.

18.0% APR

Social
Investor i

5.0%

9.0% APR

Impact
Partner i

up to 5.0%

9.0% APR

Platform
charges i

0.0%

0.0% APR

Loan Details

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

Loan
amount

50,000

Loan
tenure

18 months

Moratorium

None

Repayment
mode

EMI i

Investee
occupation

Apparel store

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

 

A

Rang De confidence score

 i


B


Partner
Rating i

B

Loan
Profile i

B

Financial
Profile i

A

Co-curated and referred by our Impact Partner

Sakhi Samudaya Kosh

Maharashtra
Partner since 2019

About

SSK works to enable alternative entrepreneurship among agrarian communities in drought-prone areas of Maharashtra. They train women and girls belonging to low income households in entrepreneurship, financial and digital literacy, leadership and business development, and also provide access to credit, technology and markets.

Impact Narrative

Rang De has partnered with SSK to provide women leaders in the community with access to affordable and timely credit.

Rs 1,15,52,500

Disbursed

389

Investees

100%

Repayments

Customized loan products with affordable interest rates and long repayment tenures help the women entrepreneurs in our community to reinvest their income and expand their business turnover.

- Amar Shrimal, Chief Operations Officer, SSK

0 more to go -362 days remaining

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