Food Entrepreneur
Solapur, Maharashtra
₹ 25,000 has been disbursed
273 potential days of livelihood i
₹ 25,000 is the current outstanding balance
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 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
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 i
Investee
occupation
Food stall
| 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.
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.
Rang De has partnered with SSK to provide women leaders in the community with access to affordable and timely credit.
Rs 1,16,60,500
Disbursed
394
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.
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