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Prajakta Rasal

#laborious#keen
Restaurant owner Prajakta is seeking credit as working capital

Food Entrepreneur

Solapur, Maharashtra

40,000 has been disbursed

273 potential days of livelihood i

31,111.08 is the current outstanding balance

40 30 30 8889 6667 6667

40%

30%

30%


Prajakta Rasal is a resident of Solapur, Maharashtra. She runs a restaurant serving food to many customers in her locality. Her income supports her husband and two toddlers who are yet to join school. Prajakta is seeking credit as working capital. She needs to restock on some basic ingredients for the restaurant's kitchen. Prajakta dreams that her restaurant will one day become a household name in the town drawing in new customers every day. A successful business means Prajakta will be able to educate her sons so they can become police officers as they dream to be. Invest in ambitious Prajakta Rasal today.

I dream of seeing my sons become police officers.

About Prajakta Rasal's livelihood

Prajakta is a food entrepreneur who works 6 hours a day for 7 days a week. With this loan Prajakta 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.

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

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

Loan
amount

40,000

Loan
tenure

18 months

Moratorium

None

Repayment
mode

EMI i

Investee
occupation

Food store

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

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 1,16,15,500

Disbursed

390

Investees

94%

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

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