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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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Kailash Nath

#victorious#winner
Kailash wishes to purchase input material for the upcoming season.

Agripreneur

Ratlam, Madhya Pradesh

48,600 fully repaid

318 potential days of livelihood i


About Kailash Nath

Kailash Nath has been farming for over 15 years. Throughout this journey, he has faced many ups and downs. With sheer perseverance and determination, he has overcome them all. Recently the COVID crisis has brought challenges that has put the farming community into a peril like never before. Kailash lives in Ratlam, Madhya Pradesh, with a family of six and needs cash immediately to meet the needs of the upcoming sowing season. With the supply chains disrupted, he has not been able to sell his products at a fair price. To avoid distress selling of the crops, he is holding the crops at an FPO. The loan amount will help him with the much-needed cash flow to meet his input needs for the Kharif season and to tide through until things get better.

I wish to expand my agriculture activity.

About Kailash Nath's livelihood

Kailash is an agripreneur who works 7 hours a day for 7 days a week. With this loan Kailash will potentially obtain employment for 318 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

0.0% flat p.a.

0.0% APR

Social
Investor i

0.0%

0.0% APR

Impact
Partner i

up to 0.0%

0.0% 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

48,600

Loan
tenure

9 months

Moratorium

None

Repayment
mode

Flexible repayments i

Investee
occupation

Farming

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

B

Co-curated and referred by our Impact Partner

Action for Social Advancement

Madhya Pradesh
Partner since 2020

About

ASA works on leveraging the participatory action of the community to bring about positive developmental changes. While they extensively support agriculture and allied activities like small agri businesses, they also work in the field of watershed management and irrigation development.

Impact Narrative

Rang De's interest free loans have been designed to enable small and marginal farmers to access storage for their produce and to meet their expenses for the Kharif season.

Rs 65,72,900

Disbursed

176

Investees

100%

Repayments

During a time of disruption and distress caused by the Covid-19 pandemic, Rang De's loans have been accessible, affordable and above all, timely.

- Ashis Mondal, Director, ASA

0 more to go -236 days remaining

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