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Muktabai Bhosale

#tireless#gogetter
Enable Muktabai grow her business before handing it over to her son

Food Entrepreneur

Solapur, Maharashtra

35,000 has been disbursed

273 potential days of livelihood i

21,388.85 is the current outstanding balance

77.78 0 22.22 13611 3889 0

78%

22%

0%


Muktabai Bhosale's mill is a household name in Solapur, Maharashtra. She currently makes an income by grinding flour and chilli at her mill to sell to customers. Now, with a growing demand for noodles in her community, Muktabai is seeking credit to purchase a noodle making machine, so she can sell this Indo-Chinese delight at her store. This is just the first step in her plans for growth. She has already got her mind set on her next investment - a papad making machine. Muktabai is doing her best to grow her business with the plan to hand it over to her son, Rahul, when he is ready. She has also ensured that he gets a good education so that he is prepared to make the most of this venture. Support mumpreneur Muktabai Bhosale on her selfless venture today.

My dream is to expand my business before I hand it over to my son.

About Muktabai Bhosale's livelihood

Muktabai is a food entrepreneur who works 6 hours a day for 7 days a week. With this loan Muktabai 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

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

18 months

Moratorium

None

Repayment
mode

EMI i

Investee
occupation

Food 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

A

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 1,16,15,500

Disbursed

390

Investees

95%

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

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