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Nagesh

Atak

Service Entrepreneur

Ahmednagar, Maharashtra

90,000 has been disbursed Tranche : 0

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Nagesh

Atak

#passionate#dedicated
Invest in Nagesh to meet the customization expenses of his new house.

Service Entrepreneur

Maharashtra

90,000 has been disbursed Tranche : 0

₹ 49,930 is
the current outstanding balance
59.36 3.7 7.41 29.53 40070 2500 5000 19930

59%

4%

7%

30%

About Nagesh

Nagesh has been working as a domestic worker for over twenty-five years now. He lives in Ahmednagar which is a district in Maharashtra. Nagesh has a lot of experience in this field and has an impressive track record of successfully delivering many projects on time. He is now constructing his dream house but is out of funds. This loan will help him to invest in the customization of his new house. Nagesh is a hard-working man and meets each challenge with perseverance. With the assistance of this loan, Nagesh will build a sound future for himself and his family. Have your own share in supporting Nagesh's dream.

Interest Rate

The interest rate charged is split into returns for the social investor, fees for the impact partner and platform charges. Nagesh Atak has consented to pay the interest as below:

Investee
pays

5.50% flat p.a.

9.90% APR

Social
Investor

2.00%

3.60% APR

Platform
charges

3.50%

6.30% APR

Loan Details

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

Loan
amount

₹ 90,000

Loan
tenure

36 months

Moratorium

None

Repayment
mode

EMI

Investee
occupation

Construction

Investee Credit Rating:
Excellent

Investee credit rating has been arrived at by our proprietary algorithm which factors in the following parameters: 1. Investee credit bureau scores 2. debt servicing ability

Co-curated and referred by our Impact Partner

Snehalaya

   
Maharashtra
Partner since 2020
Partner logo

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.

Rupees Icon

Rs 25,40,000

Disbursed
User circle icon

27

Investees
Repayment icon

88.0%

Repayments
Left quotes

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
RIght quotes
whatsapp_icon

3

₹ 3000

Proceed to Pay

3

Total: ₹3000

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