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Popat Ambadas Ghadge

#go-getter#ambitious
Popat needs credit to contribute to the construction of his dream house.

Food Entrepreneur

Ahmednagar, Maharashtra

90,000 has been disbursed Tranche : 0

90,000 is the current outstanding balance


Popat lives in Ahmednagar, Maharashtra with his family of four. He is a fruit vendor and that is the only source of sustenance of his family. He wishes to a provide a roof for his family and is almost nearing the end of the construction of a house of their own. He needs credit to meet the expenses of last minute construction related expenses. This loan would help him fill colors in the walls of his house. Invest in Popat as he works hard to provide a roof to his family.

I wish to provide a good education to my son.
The interest rate charged is split into returns for the social investor, fees for the impact partner and platform charges.

Investee
pays i

5.5% flat p.a.

9.9% APR

Social
Investor i

2.0%

3.6% APR

Impact
Partner i

up to 2.0%

3.6% APR

Platform
charges i

1.5%

2.7% 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 i

Investee
occupation

Food stall

i :

B

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

The rating is derived from the following data points.

Credit
bureau
score i

No credit history available

 

Rang De confidence score

 i


B


Partner
Rating i

B

Loan
Profile i

B

Financial
Profile i

A

Snehalaya

Maharashtra
Partner since 2020

About

Snehalaya provides rescue, rights and rehabilitative services to communities who have been deprived of their fundamental rights. They are now working with Curry Stone Design Collaborative and Hunnarshala on a redevelopment program for the slums of Sanjaynagar in Ahmednagar.

Impact Narrative

This partnership will enable about 300 slum dwellers of Sanjaynagar to become proud owners of their dream homes.

Rs 11,90,000

Disbursed

14

Investees

100%

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

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