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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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Lalita Gole

#provider#resilient
Invest in Lalita as she expands her business by restocking her store.

Retailpreneur

Beed, Maharashtra

25,000 has been disbursed

409 potential days of livelihood i

22,222.22 is the current outstanding balance

100 0 0 2778 0 0

100%

0%

0%


About Lalita Gole

Lalita is an ambitious woman. She is running an apparel store in Beed, Maharashtra. Now, Lalita wishes to expand her business venture by adding more clothing to the store. This will help support her husband who works in the agricultural sector and will also let Lalita save up money to provide good higher education for her children. The loan will help boost the sales at the store by drawing in more customers and in the process empower Lalita as she strives to become a successful businesswoman.

I wish to give a good education to my children.

About Lalita Gole's livelihood

Lalita is a retailpreneur who works 9 hours a day for 7 days a week. With this loan Lalita will potentially obtain employment for 409 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

4.0%

7.2% APR

Impact
Partner i

up to 4.0%

7.2% APR

Platform
charges i

2.0%

3.6% APR

Loan Details

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

Loan
amount

25,000

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

A

Financial
Profile i

B

Co-curated and referred by our Impact Partner
Navchetana Sarvagin Vikas Kendra

Established in

2008

With Rang De from

2020

Founded by

Manisha Ghule

Navchetana Sarvangin Vikas Kendra (NSVK) works with the most marginalised communities of Marathwada, Maharashtra to empower them socially and economically. Navchetna strives to transform unjust structures of the society from the grassroots, and build harmonious and self-sufficient communities for people from various religions, languages, and cultures.

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