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Poonam

Sharma

Proud Parents

Ambedkar Nagar, Uttar Pradesh

300 days of education

Borrower Image 1 Borrower Image 2

Poonam

Sharma

#motivated#passionate
Poonam needs credit to make sure her son get a good education.

Proud Parents

Uttar Pradesh

300 days of education

9,200 loan is fully repaid

9,200 loan is fully repaid


About Poonam

Poonam Sharma owns a small beauty parlor and has completed only a primary level of education. She strongly wishes for her son, Satyam Sharma who is studying in the ninth standard to study well and make a good status of his own in society. But the COVID-19 situation affected her earning and are now struggling to meet the educational expenses of Satyam. With the little earning she has, she is not able to pay the lump sum amount which is due now. The interest-free loan from Rang De would enable Poonam to pay the tuition and other fees and repay the loan slowly with the earning she makes. Invest in Poonam as she wishes for a bright future for her son.

Children’s Details

The following are the details of the children.

First child

Son

Age

15

School

Lotus Petal Foundation

Class studying

9th Standard

Medium of instruction

English

No of children studying :
01

Total annual school fees :
₹ 9200

Interest Rate

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

Investee
pays

0.00% flat p.a.

0.00% APR

Social
Investor

0.00%

0.00% APR

Platform
charges

0.00%

0.00% APR

Loan Details

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

Loan
amount

9,200

Loan
tenure

10 months

Moratorium

None

Repayment
mode

EMI

Investee
occupation

Student

Investee Credit Rating:
Adequate

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

Lotus Petal Foundation
   view website
Partner logo

Established in

2011

With Rang De from

2021

Founded by

Mr. Kushal Chakravorty

Lotus Petal Foundation is a purpose organization located in Gurgaon, Haryana, India which has been working since 2011 in the areas of Education, Nutrition and Livelihood. Our programs have enabled less privileged children to get into the formal job market based on skills and education. Alumni of our skill-based programs are now placed in formal jobs in both domestic and multinational companies. Some alumni are in higher professional education like MBBS. The programs run by Lotus Petal have impacted 12000 children/people so far. The organization's key strength has been delivering transformational outcomes for the beneficiary based on processes with scientific rigor, systems, organizational culture at low cost.

whatsapp_icon

3

3000

3

Total: ₹3000

FUNDS

INDIVIDUALS