false
false 0 0 lVhSBqdR4N

Rahul Vijay

Sonavane

logoService Entrepreneur

logo Ahmednagar, Maharashtra

logo 1,35,000 has been disbursed Tranche : 0

b-img b-img b-img b-img

Rahul Vijay

Sonavane

#go-getter#dedicated
Support Rahul to complete the construction of his dream home.

logoService Entrepreneur

logo Ahmednagar, Maharashtra

logo 1,35,000 has been disbursed Tranche : 0

105,000 is
the current outstanding balance

88.89 0 11.11 30000 3750 0

89%

11%

0%


Rahul Vijay Sonavane is a young man from Ahmednagar, Maharashtra. He runs his household with the earning he makes by doing domestic work. He is constructing his dream house now. With the increase in the price of the essentials required for construction due to the pandemic, he urgently requires some credit to meet the expenses. The loan will enable him to complete the construction as soon as possible and move there with his family. Support Rahul now!

I wish to get into a government job.
The interest rate charged is split into returns for the social investor, fees for the impact partner and platform charges.

Investee
pays i

5.50% flat p.a.

9.90% APR

Social
Investor i

2.00%

3.60% APR

Impact
Partner i

up to 2.00%

3.60% APR

Platform
charges i

1.50%

2.70% APR

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

Loan
amount

1,35,000

Loan
tenure

36 months

Moratorium

None

Repayment
mode

EMI i

Investee
occupation

Construction

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 works towards developing awareness and capabilities of individuals who have been deprived of their fundamental rights, as a result of the inequalities that exist in our society. The agency provides rescue, rights and rehabilitative services to the communities in most need. They are now working with Curry Stone Design Collaborative and Hunnarshala Foundation on a redevelopment program for the slums of Sanjaynagar in Ahmednagar.

Impact Narrative

This partnership will enable 298 families of Sanjaynagar in Ahmednagar to become proud owners of their dream homes.

Rs 25,40,000

Disbursed

27

Investees

100.0%

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
whatsapp_icon

3

3000

3

Total: ₹3000

Your Investees

Total Lives Impacted

0

Days of Livelihood

0