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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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Laxmi Karpe

#creative#driven
Enable Laxmi purchase five goats and save up for tailoring lessons

Agripreneur

Solapur, Maharashtra

35,000 has been disbursed

273 potential days of livelihood i

14,583.31 is the current outstanding balance

87.5 0 12.5 20417 2917 0

88%

12%

0%


About Laxmi Karpe

Laxmi Karpe has been running her small independent animal husbandry business for two years. She now wants to scale it up by adding to her herd so she can increase the output of her business. She is seeking credit to buy five goats which will enable her to increase her monthly income through the increased sales of goat milk. Furthermore, she hopes to use the additional income to pay for tailoring lessons, the first step in her goal of working as a tailor as well. She is toiling away towards her big dream which is to construct a house of her own for her family. With two children to fend for, Laxmi hopes that her ventures will help her better support her family, as she shares the role of breadwinner with her husband, Subhash. Support Laxmi on her endearing journey today.

My dream is to construct a house of my own.

About Laxmi Karpe's livelihood

Laxmi is an agripreneur who works 6 hours a day for 7 days a week. With this loan Laxmi will potentially obtain employment for 273 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

5.0%

9.0% APR

Impact
Partner i

up to 5.0%

9.0% 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

35,000

Loan
tenure

12 months

Moratorium

None

Repayment
mode

EMI i

Investee
occupation

Animal husbandry

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

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 1,17,05,500

Disbursed

393

Investees

100%

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 -443 days remaining

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