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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 Mahadev Halsage

#mumpreneur#achiever
Laxmi wishes to set up her vegetable shop.

Agripreneur

Solapur, Maharashtra

40,000 has been disbursed

273 potential days of livelihood i

33,333.31 is the current outstanding balance

75 0 25 6667 2222 0

75%

25%

0%


About Laxmi Mahadev Halsage

Laxmi has been farming her land for over four years now. She is from Solapur, Maharashtra, and feeds a family of four. She has been cultivating vegetables and selling it in her village for a long time now. She now wishes to set up her own vegetable store. The credit will be used to purchase raw materials and set up her shop. Invest in Lakshmi as she looks to grow her farming activities while starting the vegetable shop.

My dream is to give higher education to my children

About Laxmi Mahadev Halsage's livelihood

Laxmi Mahadev is an agripreneur who works 7 hours a day for 6 days a week. With this loan Laxmi Mahadev 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

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

40,000

Loan
tenure

18 months

Moratorium

None

Repayment
mode

EMI 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

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 -106 days remaining

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