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Malini

Nannavare

Retailpreneur

Solapur, Maharashtra

156 livelihood days

Borrower Image 1 Borrower Image 2 Borrower Image 3 Borrower Image 4

Malini

Nannavare

#creative#admirable
Support Malini purchase sewing machines so she can grow her apparel business

Retailpreneur

Maharashtra

156 potential days of livelihood

35,000 loan is fully repaid

35,000 loan is fully repaid


About Malini

Industrious Malini Nannavare wants to scale up her business. Malini currently lives in Solapur with her husband Mukund Nannavare who works as a farmer. She has previously taken a loan and has been responsibly making repayments each month. Now, Malini wants to purchase two sewing machines so she can increase her daily output and sew clothing to great quality. She hopes that this investment will help her two-year-old business reach new heights of success through increased sales and more customer orders. Malini dreams of becoming a farmer and she hopes to set aside some savings to fund this dream. Support Malini on her ambitious journey today.

About Malini Nannavare's livelihood

Malini is a retailpreneur who works 4 hours a day for 6 days a week. With this loan Malini will potentially obtain employment for 156 days.

Interest Rate

The interest rate charged is split into returns for the social investor, fees for the impact partner and platform charges. Malini Nannavare has consented to pay the interest as below:

Investee
pays

10.00% flat p.a.

18.00% APR

Social
Investor

5.00%

9.00% APR

Platform
charges

5.00%

9.00% 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

Investee
occupation

Apparel store

Investee Credit Rating:
Very Good

Investee credit rating has been arrived at by our proprietary algorithm which factors in the following parameters: 1. Investee credit bureau scores 2. debt servicing ability

Co-curated and referred by our Impact Partner

Sakhi Samudaya Kosh

   
Maharashtra
Partner since 2019
Partner logo

About

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.

Impact Narrative

Rang De has partnered with SSK to provide women leaders in the community with access to affordable and timely credit.

Rupees Icon

Rs 1,15,25,500

Disbursed
User circle icon

388

Investees
Repayment icon

100.0%

Repayments
Left quotes

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
RIght quotes
whatsapp_icon

3

3000

3

Total: ₹3000

FUNDS

INDIVIDUALS