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Lakshmibai Sindagi

#enthusiastic#spirited
Support Lakshmibai grow her retail business to fuel her son's ambitions

Food Entrepreneur

Solapur, Maharashtra

50,000 has been disbursed

455 potential days of livelihood i

24,999.98 is the current outstanding balance

60 20 20 25000 8333 8333

60%

20%

20%


Lakshmibai Sindagi is seeking credit to uplift her nine-year-old food and condiments business. A hardworking mother to seventeen-year-old Anand, Lakshmibai works seven days a week for ten hours each day. Her dream is to see Anand become a chartered accountant when he grows up and she is determined to ensure that funding does not come in the way of Anand's ambitions. Hence, Lakshmibai is seeking credit to stock up her store. She plans to purchase flour and other common food supplies that are in constant demand in Solapur. Contribute to Lakshmibai's fund so she can finance her son's education.

My dream is to see my son become a chartered accountant.

About Lakshmibai Sindagi's livelihood

Lakshmibai is a food entrepreneur who works 10 hours a day for 7 days a week. With this loan Lakshmibai will potentially obtain employment for 455 days.

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

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

Food store

i :

B

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

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

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 1,15,70,500

Disbursed

389

Investees

89%

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 -660 days remaining

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