Nanda, a widow, is an apparel store owner from Solapur, Maharashtra. She has had six years of experience in this business and is now looking to expand her business. She intends to use this credit to gain stronger market presence, by expanding her collection and investing in a tailoring machine and in renovating the store to attract more customers. These are stepping stones to fulfilling her dreams of spreading the brand across her state.
Nanda is a retailpreneur who works 7 hours a day for 6 days a week. With this loan Nanda 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. Nanda Rajkumar Waghmare has consented to pay the interest as below:
Investee
pays
10.00% flat p.a.
18.00% APR
Social
Investor
4.00%
7.20% APR
Platform
charges
6.00%
10.80% 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
Investee
occupation
Apparel store
SSK was established by Swayam Shikshan Prayog (SSP), a development organization in the year 2006. Sakhi Samudaya Kosh works to provide socially relevant financial services for rural women and their communities in order to reduce poverty and improve quality of life. Their main objective is to seed the idea of entrepreneurship among local communities and 'create community influencers' for women and girls.
Rang De has partnered with SSK to provide women leaders in the community with access to affordable and timely credit.
Rs 1,15,25,500
Disbursed
388
Investees
100.0%
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.
Share Nanda's profile
Invite your family and friends to view Nanda's profile on Rang De
