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Laxmi Ubale

#ambitious#zealous
Join hands with mother of four, Laxmi Ubale as she uplifts her apparel store

Retailpreneur

Solapur, Maharashtra

30,000 has been disbursed

364 potential days of livelihood i

5,050 is the current outstanding balance

83.17 0 16.83 24950 5050 0

83%

17%

0%


Laxmi Ubale is a mother to four ambitious children. Her husband Tatya Ubale works in the private sector to support his big family. Now Laxmi is seeking credit to restock her store with readymade apparel and fabric to ensure she's able to attract more customers. Her store revamp is the first of many of her plans as she works towards providing for her three daughters and one son. She hopes that the restock will bring in more business and help her increase her revenue to finance her bigger goals. She hopes to one day start a farming business, another source of livelihood for her family. The new business will help ease the financial burden on Laxmi and her husband enabling them to fuel their daughter's dream of becoming a doctor. Join Laxmi on her spirited journey today.

My dream is to see my oldest daughter Shweta become a doctor.

About Laxmi Ubale's livelihood

Laxmi is a retailpreneur who works 8 hours a day for 7 days a week. With this loan Laxmi will potentially obtain employment for 364 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

30,000

Loan
tenure

12 months

Moratorium

None

Repayment
mode

EMI i

Investee
occupation

Apparel 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

A

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 1,16,15,500

Disbursed

390

Investees

95%

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

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