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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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Korra Prasad

#ambitious#courageous
Prasad needs access to storage facilities to safeguard his produce.

Agripreneur

Vizag, Andhra Pradesh

40,000 has been disbursed

312 potential days of livelihood i

40,000 is the current outstanding balance


About Korra Prasad

Prasad is waiting for his produce to be sold at a competitive price. He had toiled hard deseeding, cleaning and segregating his produce. Due to the falling market, he intends to hold his produce for a little longer. To avoid mold and spoilage he needs to store it in a cold storage facility. The loan amount will fulfill his credit needs and add value to the end product with further refining. It will help him wait and not need to sell in distress until his produce is sold at a competitive price. Invest in Prasad as he continues on with determination.

I wish to build a big house for my family.

About Korra Prasad's livelihood

Korra is an agripreneur who works 8 hours a day for 6 days a week. With this loan Korra will potentially obtain employment for 312 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

0.0% flat p.a.

0.0% APR

Social
Investor i

0.0%

0.0% APR

Impact
Partner i

up to 0.0%

0.0% 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

40,000

Loan
tenure

7 months

Moratorium

None

Repayment
mode

Flexible repayments i

Investee
occupation

Farming

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

No credit history available

 

Rang De confidence score

 i


B


Partner
Rating i

B

Loan
Profile i

B

Financial
Profile i

B

Co-curated and referred by our Impact Partner

Watershed Support Services and Activities Network

Andhra Pradesh and Telangana
Partner since 2020

About

WASSAN's vision is to establish participatory processes that strengthen Natural Resources Management practices to secure livelihoods of deprived communities, particularly scheduled castes and tribes, in drought prone areas.

Impact Narrative

To protect tribal farmers from falling prices of tamarind, Rang De and WASSAN have partnered to enable tribal farmers to meet the expenses of processing and storing their tamarind produce, while they wait for market conditions to improve.

Rs 24,40,000

Disbursed

71

Investees

100%

Repayments

Accessing credit from banks during the lockdown period has been very difficult in the tribal area. In these trying times, our partnership with Rang De has provided relief.

- Dr. M L Sanyasi Rao, Regional Program Manager, Wassan

0 more to go -263 days remaining

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