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Mangal Balu Dongare

#breadwinner#hardworking
Mangal Balu needs credit to furnish her parlour.

Beautypreneur

beed, Maharashtra

25,000 has been disbursed

273 potential days of livelihood i

22,222.22 is the current outstanding balance

100 0 0 2778 0 0

100%

0%

0%


Mangal Balu lives in Beed, Maharashtra where she runs her own beauty store which she has worked hard and brought together in these past four years. She needs credit to buy a hair spa machine, a big mirror and a chair to extend her store to a small salon. She is starting something new and needs support for the initial funding. This loan would help her, an already established to start a new venture. Invest in her today!

My dream is to enjoy a secure future with my family.

About Mangal Balu Dongare's livelihood

Mangal Balu is a beautypreneur who works 6 hours a day for 7 days a week. With this loan Mangal Balu will potentially obtain employment for 273 days.

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

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

18 months

Moratorium

None

Repayment
mode

EMI i

Investee
occupation

Beauty parlour

i :

B

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.

Credit
bureau
score i

 

A

Rang De confidence score

 i


B


Partner
Rating i

B

Loan
Profile i

A

Financial
Profile i

A

Navchetana Sarvagin Vikas Kendra

Established in

2008

With Rang De from

2020

Founded by

Manisha Ghule

Navchetana Sarvangin Vikas Kendra (NSVK) works with the most marginalised communities of Marathwada, Maharashtra to empower them socially and economically. Navchetna strives to transform unjust structures of the society from the grassroots, and build harmonious and self-sufficient communities for people from various religions, languages, and cultures.

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