Food Entrepreneur
Solapur, Maharashtra
25,000
has
been disbursed
273 livelihood days Number of days of productive
livelihood activity that this loan will potentially facilitate
Food Entrepreneur
Solapur, Maharashtra
25,000
has
been disbursed
273 potential days of livelihood Number of days of
productive livelihood activity that this loan will potentially
facilitate
₹ 2,083.26 is
the current outstanding balance
92%
0%
8%
Laxmi lives with a family of three. She owns a business in Solapur, Maharashtra. She earns a humble living by preparing and selling spice mixtures. She wishes to add additional machinery to her store to increase her efficiency and receive higher returns. Expanding the business would mean a higher income for the family. This credit would help in making her dreams come true.
My dream is to build a house for my children.
Laxmi is a food entrepreneur who works 7 hours a day for 6 days a week. With this loan Laxmi will potentially obtain employment for 273 days.
Investee
pays The rate of interest charged to the investee
10.00% flat p.a.
18.00% APR
Social
Investor The rate of return an investor makes
4.00%
7.20% APR
Impact
Partner The rate of return an impact partner makes
up to 4.00%
7.20% APR
Platform
charges The charges, the platform incurs by offering it's
services
2.00%
3.60% APR
The following section provides a detailed view of the investee loan requirement.
Loan
amount
₹ 25,000
Loan
tenure
12 months
Moratorium
None
Repayment
mode
EMI Equated Monthly Instalment
Investee
occupation
Food stall
SSK was established by Swayam Shikshan Prayog (SSP), a development organization in the year 2006. Sakhi Samudaya Kosh works to provide socially relevant financial services for rural women and their communities in order to reduce poverty and improve quality of life. Their main objective is to seed the idea of entrepreneurship among local communities and 'create community influencers' for women and girls.
Rang De has partnered with SSK to provide women leaders in the community with access to affordable and timely credit.
Rs 1,15,25,500
Disbursed
388
Investees
94.0%
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.
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