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Mukund

Sonawane

logoService Entrepreneur

logo Ahmadnagar, Maharashtra

logo 1,35,000 has been disbursed Tranche : 0

b-img b-img b-img b-img b-img

Mukund

Sonawane

#provider#resilient
Support Mukund to complete the construction of his dream house.

logoService Entrepreneur

logo Ahmadnagar, Maharashtra

logo 1,35,000 has been disbursed Tranche : 0

93,750 is
the current outstanding balance

91.67 0 8.33 41250 3750 0

92%

8%

0%


Mukund Sonawane is a hardworking man from Ahmadnagar, Maharashtra. With the ill effects of the pandemic, Mukund is struggling to meet the expenses of constructing his new house. He needs a loan and it will be used to meet all the expenses. Support Mukund as he wishes to complete the construction of his dream house and move there as soon as possible.

I wish to purchase a four-wheeler.
The interest rate charged is split into returns for the social investor, fees for the impact partner and platform charges.

Investee
pays The rate of interest charged to the investee

5.50% flat p.a.

9.90% APR

Social
Investor The rate of return an investor makes

2.00%

3.60% APR

Impact
Partner The rate of return an impact partner makes

up to 2.00%

3.60% APR

Platform
charges The charges, the platform incurs by offering it's services

1.50%

2.70% APR

The following section provides a detailed view of the investee loan requirement.

Loan
amount

1,35,000

Loan
tenure

36 months

Moratorium

None

Repayment
mode

EMI Equated Monthly Instalment

Investee
occupation

Construction

The credit rating of the investee is arrived at by using a proprietary algorithm that factors in the investee’s credit score and the performance rating of the Impact Partner.

Snehalaya

   
Maharashtra
Partner since 2020

About

Snehalaya works towards developing awareness and capabilities of individuals who have been deprived of their fundamental rights, as a result of the inequalities that exist in our society. The agency provides rescue, rights and rehabilitative services to the communities in most need. They are now working with Curry Stone Design Collaborative and Hunnarshala Foundation on a redevelopment program for the slums of Sanjaynagar in Ahmednagar.

Impact Narrative

This partnership will enable 298 families of Sanjaynagar in Ahmednagar to become proud owners of their dream homes.

Rs 25,40,000

Disbursed

27

Investees

100.0%

Repayments

At a time when most banks and micro-finance institutions turned the residents of Sanjaynagar away, our partnership with Rang De has enabled us to introduce our community members to formal sources of credit for the first time.

- Hanif Shaikh, Assistant Director- Education, Snehalaya
whatsapp_icon

3

3000

3

Total: ₹3000

Your Investees

Total Lives Impacted

0

Days of Livelihood

0