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Radha

Barade

logoRetailpreneur

logo Solapur, Maharashtra

logo 273 livelihood days Number of days of productive livelihood activity that this loan will potentially facilitate

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Radha

Barade

#ambitious#zealous
Enable aspiring fashion designer Radha purchase a sewing machine

logoRetailpreneur

logo Solapur, Maharashtra

logo 273 potential days of livelihood Number of days of productive livelihood activity that this loan will potentially facilitate

30,000 loan is fully repaid

30,000 loan is fully repaid


Radha Barade is opening up the doors to opportunity by choosing a different path in the wake of challenges in traditional livelihood activities in Solapur. She has decided to expand output from her apparel store by seeking credit for the purchase of a sewing machine. Radha is passionate about tailoring and intends to use her skills to sew a collection of apparel that she can sell at her store. Her income supports her son Uday who is enrolled in school and her husband, Datta, a graduate who works in a private company. Radha hopes the income from her apparel store will enable her to better the quality of life for her family as she sets her sights on becoming a fashion designer. In addition, she hopes she will be able to build a concrete house for her family soon. Invest in Radha as she wins for her family.

I dream of becoming a renowned fashion designer in my village.

About Radha Barade's livelihood

Radha is a retailpreneur who works 6 hours a day for 7 days a week. With this loan Radha 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 The rate of interest charged to the investee

10.00% flat p.a.

18.00% APR

Social
Investor The rate of return an investor makes

5.00%

9.00% APR

Impact
Partner The rate of return an impact partner makes

up to 5.00%

9.00% APR

Platform
charges The charges, the platform incurs by offering it's services

0.00%

0.00% APR

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

Loan
amount

30,000

Loan
tenure

12 months

Moratorium

None

Repayment
mode

EMI Equated Monthly Instalment

Investee
occupation

Apparel store

The credit rating of the investee is arrived at by using a proprietary algorithm that factors in the investee’s credit score and the performance rating of the Impact Partner.

Sakhi Samudaya Kosh

   view website
Maharashtra
Partner since 2019

About

SSK was established by Swayam Shikshan Prayog (SSP), a development organization in the year 2006. Sakhi Samudaya Kosh works to provide socially relevant financial services for rural women and their communities in order to reduce poverty and improve quality of life. Their main objective is to seed the idea of entrepreneurship among local communities and 'create community influencers' for women and girls.

Impact Narrative

Rang De has partnered with SSK to provide women leaders in the community with access to affordable and timely credit.

Rs 1,15,25,500

Disbursed

388

Investees

94.0%

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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3

3000

3

Total: ₹3000

Your Investees

Total Lives Impacted

0

Days of Livelihood

0