Manda Adagale

#willpower#ambitious
Invest in Manda, a mother working hard to provide a good life.

Domestic Worker

Ahmednagar, Maharashtra

50,000 loan needed Tranche : 1


About Manda Adagale

Manda has been working as a domestic worker for the last 15 years. Having lost her husband at a young age, she has been single-handedly taking care of herself and her teenage son. She works long hours in the homes of others to make ends meet but is driven to give her son the life of his dreams. She wants to educate her son and help him secure a good job. She is very excited to soon own a beautiful and well-furnished home and is determined to work hard to pay off the debt.

I dream of living in a furnished home.
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

5.5% flat p.a.

9.9% APR

Social
Investor i

2.0%

3.6% APR

Impact
Partner i

up to 2.0%

3.6% APR

Platform
charges i

1.5%

2.7% APR

Loan Details

The following section provides a detailed view of the investee loan requirement.

Loan
amount

50,000

Loan
tenure

30 months

Previous
loans

0

Investee
occupation

Domestic worker

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

B

Financial
Profile i

B

Co-curated and referred by our Impact Partner
Snehalaya

Established in

1989

With Rang De from

2020

Founded by

Girish Kulkarni

Snehalaya works towards developing awareness and capabilities of individuals who have been deprived of their fundamental rights, as a result of the inequalities that exist in our society. The agency provides rescue, rights and rehabilitative services to the communities in most need. They are now working with Curry Stone Design Collaborative and Hunnarshala Foundation on a redevelopment program for the slums of Sanjaynagar in Ahmednagar.

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