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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 Vanakar

#persevering# ambitious
Manisha's apparel store needs a revamp

Retailpreneur

Solapur, Maharashtra

35,000 has been disbursed

130 potential days of livelihood i

8,751.03 is the current outstanding balance

90 0 10 26249 2918 0

90%

10%

0%


About Manisha Vanakar

Clad in a beautiful red sari is Manisha Vanakar. The mother of two is an ambitious entrepreneur who is not letting funding stop her from achieving her goals. She has applied for the Rang De loan in the hopes of uplifting her apparel store, by making important purchases. She has plans to buy new saris, apparel and hosiery so that she can attract new customers. With her sales blooming, Manisha hopes she will be able to expand the business, support her young sons and become a well known entrepreneur in her village. Stand with her today.

My dream is to become a successful businesswoman in my village

About Manisha Vanakar's livelihood

Manisha is a retailpreneur who works 5 hours a day for 4 days a week. With this loan Manisha will potentially obtain employment for 130 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

Apparel 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

 

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

389

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 -483 days remaining

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