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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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Manisha Lohar

#spirited#tireless
Invest in Manisha as she purchases a welding machine for her repair shop

Service Entrepreneur

Solapur, Maharashtra

40,000 has been disbursed

273 potential days of livelihood i

26,666.62 is the current outstanding balance

100 0 0 13333 0 0

100%

0%

0%


About Manisha Lohar

Mumpreneur Manisha Lohar is securing a sound future for her daughter Rajnandini. She's aware of the growing uncertainty in traditional agricultural livelihood activities in Solapur and is hoping to empower her daughter by setting a good example. Her dream is to see Rajnandini become a doctor so she can earn a good income and enjoy a bright future. Manisha currently owns a small repair shop which she runs with her husband. She is now seeking credit to buy a welding machine so her husband Rajanikant can carry out welding repairs. This addition to the toolbox will enable Manisha to cater to more repair work and increase the revenue from her business. It will also help her save up towards opening a second repair shop in the near future. Support Manisha as she grows her business to lay the foundation for her daughter to enjoy a secure future.

I dream of seeing my daughter become a doctor.

About Manisha Lohar's livelihood

Manisha is a service entrepreneur who works 6 hours a day for 7 days a week. With this loan Manisha will potentially obtain employment for 273 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

40,000

Loan
tenure

18 months

Moratorium

None

Repayment
mode

EMI i

Investee
occupation

Repair works

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

No credit history available

 

Rang De confidence score

 i


B


Partner
Rating i

B

Loan
Profile i

B

Financial
Profile i

A

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 1,17,05,500

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 -381 days remaining

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