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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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Vanthala Kondamma

#dedicated#positive
Kondamma needs to fund processing and storage costs to hold on to her produce.

Agripreneur

Vizag, Andhra Pradesh

40,000 fully repaid

234 potential days of livelihood i


About Vanthala Kondamma

Kondamma is waiting for her produce to be sold at a competitive price. She had toiled hard deseeding, cleaning, and segregating her produce. Due to the falling market, she intends to hold her produce for a little longer. To avoid mold and spoilage she needs to store it in a cold storage facility. The loan amount will fulfill her credit needs and add value to the end product with further refining. It will help her wait and not need to sell in distress until her produce is sold at a competitive price. Invest in Kondamma as she continues on with determination.

I wish to expand my agriculture activity.

About Vanthala Kondamma's livelihood

Vanthala is an agripreneur who works 6 hours a day for 6 days a week. With this loan Vanthala will potentially obtain employment for 234 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

40,000

Loan
tenure

7 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

No credit history available

 

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

Watershed Support Services and Activities Network

Andhra Pradesh and Telangana
Partner since 2020

About

WASSAN's vision is to establish participatory processes that strengthen Natural Resources Management practices to secure livelihoods of deprived communities, particularly scheduled castes and tribes, in drought prone areas.

Impact Narrative

To protect tribal farmers from falling prices of tamarind, Rang De and WASSAN have partnered to enable tribal farmers to meet the expenses of processing and storing their tamarind produce, while they wait for market conditions to improve.

Rs 24,40,000

Disbursed

71

Investees

100%

Repayments

Accessing credit from banks during the lockdown period has been very difficult in the tribal area. In these trying times, our partnership with Rang De has provided relief.

- Dr. M L Sanyasi Rao, Regional Program Manager, Wassan

0 more to go -267 days remaining

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