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#RootforRangDe

Rang De is India’s first social lending platform where you can invest in people from low income households and earn nominal - moderate returns.

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Noorjaha Shaikh

#progressive#striving
Fund young Noorjaha Shaikh so she can fulfill her sons' dreams

Agripreneur

Solapur, Maharashtra

35,000 has been disbursed

273 potential days of livelihood i

14,584.69 is the current outstanding balance

87.49 0 12.51 20415 2918 0

87%

13%

0%


About Noorjaha Shaikh

Noorjaha Shaikh is a mother of two toddlers; two-year-old Rehan and one-year-old Rijawan. Her husband Mehabub works in a local company to support his family. Young Noorjaha has just launched her animal husbandry business but wants to greatly increase her output to meet the growing expenses of her family. She is seeking a loan to finance the purchase of five goats, which will enable her to sell goat milk around her village. This step is the first of her many plans to set up a full-fledged agro-allied business with goat rearing and milk collection services. She wishes to see her son become a teacher in the future and is hoping her business venture will ensure funding is not a burden for her two children’s educational ambitions. Join Noorjaha on her journey today.

My dream is to see my son become a teacher.

About Noorjaha Shaikh's livelihood

Noorjaha is an agripreneur who works 6 hours a day for 7 days a week. With this loan Noorjaha will potentially obtain employment for 273 days.

Interest Rate
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

Loan Details

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

Loan
amount

35,000

Loan
tenure

12 months

Moratorium

None

Repayment
mode

EMI i

Investee
occupation

Animal husbandry

Investee Credit Rating i :
Rang De Credit Rating A B C
What it means Low Risk Medium Risk High Risk

B

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

B

Co-curated and referred by our Impact Partner

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 1,17,05,500

Disbursed

393

Investees

100%

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

0 more to go -440 days remaining

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