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Julekha

Mujawar

Retailpreneur

solapur, Maharashtra

273 livelihood days

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

Julekha

Mujawar

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

Retailpreneur

Maharashtra

273 potential days of livelihood

50,000 loan is fully repaid

50,000 loan is fully repaid


About Julekha

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.

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. Julekha Mujawar has consented to pay the interest as below:

Investee
pays

10.00% flat p.a.

18.00% APR

Social
Investor

5.00%

9.00% APR

Platform
charges

5.00%

9.00% 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

Investee
occupation

Apparel store

Investee Credit Rating:
Very Good

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

Sakhi Samudaya Kosh

   
Maharashtra
Partner since 2019
Partner logo

About

SSK was established by Swayam Shikshan Prayog (SSP), a development organization in the year 2006. Sakhi Samudaya Kosh works to provide socially relevant financial services for rural women and their communities in order to reduce poverty and improve quality of life. Their main objective is to seed the idea of entrepreneurship among local communities and 'create community influencers' for women and girls.

Impact Narrative

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

Rupees Icon

Rs 1,15,25,500

Disbursed
User circle icon

388

Investees
Repayment icon

100.0%

Repayments
Left quotes

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
RIght quotes
whatsapp_icon

3

3000

3

Total: ₹3000

FUNDS

INDIVIDUALS