false
false 0 0

Mina Honmute

#determined#talented
Weave Mina an investment as she reshapes her future

Retailpreneur

Solapur, Maharashtra

35,000 has been disbursed

195 potential days of livelihood i

2,916.63 is the current outstanding balance

91.67 8.33 0 32083 0 2917

92%

0%

8%


Mina Honmute is disrupting traditional gender roles. She wants to break the glass ceiling by becoming a successful entrepreneur. Her first critical step is applying for a loan and becoming more financially savvy. With the burden of starting capital off her shoulders, Mina intends to purchase fabric and a sewing machine to kick-start her apparel business. She hopes the increased income will help her fulfil her daughter’s dream of becoming a designer. Fund to see Mina raise the bar for women in her community.

I dream of seeing my daughter become a great designer.

About Mina Honmute's livelihood

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

5.0%

9.0% APR

Impact
Partner i

up to 5.0%

9.0% APR

Platform
charges i

0.0%

0.0% APR

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

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

B

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 1,15,70,500

Disbursed

389

Investees

89%

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 -685 days remaining

added to cart