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Nagesh

Atak

logoService Entrepreneur

logo Ahmednagar, Maharashtra

logo 90,000 has been disbursed Tranche : 0

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

Nagesh

Atak

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

logoService Entrepreneur

logo Ahmednagar, Maharashtra

logo 90,000 has been disbursed Tranche : 0

70,000 is
the current outstanding balance

80 0 20 20000 5000 0

80%

20%

0%


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.

I wish to purchase a two-wheeler for my son.
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

90,000

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