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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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Mangal Barasakar

#determined#zealous
Join hands with Mangal so she can become a great farmer

Agripreneur

Solapur, Maharashtra

35,000 has been disbursed

195 potential days of livelihood i

11,668.36 is the current outstanding balance

88.88 0 11.12 23332 2918 0

89%

11%

0%


About Mangal Barasakar

Mangal Barasakar is working hard to share the role of breadwinner equally with her husband Adikarav. With the help of this loan, Mangal will make a buffalo purchase, to increase milk sales from her animal husbandry business, and grow her monthly income. She hopes to then set aside some funds to buy a plot of agricultural land and start a farming practice, to better support her family and educate her son. By making these investments, Mangal hopes to be one day be recognized as a great farmer in her village of Solapur. Invest in Mangal today.

My dream is to become a great farmer.

About Mangal Barasakar 's livelihood

Mangal is an agripreneur who works 5 hours a day for 6 days a week. With this loan Mangal will potentially obtain employment for 195 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

Animal husbandry

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

393

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 -465 days remaining

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