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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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Malini Nannavare

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

Retailpreneur

Solapur, Maharashtra

35,000 has been disbursed

156 potential days of livelihood i

17,499.98 is the current outstanding balance

75 0 25 17500 5833 0

75%

25%

0%


About Malini Nannavare

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.

My dream is to become a farmer.

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.

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

Apparel store

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 1,15,52,500

Disbursed

389

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 -449 days remaining

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