Mallama Basargi

#pioneer#resilient
Power Mallama's retail store enhancement so she can support her son’s aspirations

Food Entrepreneur

Solapur, Maharashtra

455 potential days of livelihood i

50,000 is ready for disbursal


About Mallama Basargi

Mum of two, Mallama, is not new to the world of business. She has a decade of experience running her food and condiments business and now wants to take a leap forward so she can support the growing needs of her family. Mallama is hoping to utilize the loan to restock her shop with essentials such as rice and other food items so she can cater to the needs of her customers. This is just the first step in her long term plan to make trade ties with other businesses and customers outside of Solapur. She hopes this will enable her magnify her financial returns and make good savings. In the end, humble Mallama wants to see her sons become successful entrepreneurs so they too can support the family.

My dream is to see my sons become independent businessmen.

About Mallama Basargi 's livelihood

Mallama is a food entrepreneur who works 10 hours a day for 7 days a week. With this loan Mallama will potentially obtain employment for 455 days.

Interest Rate

The interest rate charged is split into returns for the social investor, fees for the impact partner and platform charges. The breakup depends on whether the social investor is a Seeker or Believer.

i

Investee pays i

10.0% flat p.a.

18.0% APR

Social Investor i

2.0%

3.6% APR

Impact Partner i

up to 5.0%

9.0% APR

Platform charges i

3.0%

5.4% APR

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

50,000

Loan tenure

18 months

Previous loans

1

Investee occupation

Food 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

 

B

Rang De confidence score

 i


50.0%   

A

×

Partner Rating i

B

Loan Profile i

B

Financial Profile i

B


Co-curated and referred by our Impact Partner
Sakhi Samudaya Kosh

Established in

2006

With Rang De from

2019

Founded by

Prema Gopalan

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.

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