false
false 0 0

Rekha Paul

#pioneer#ambitious
Enable Rekha restock her apparel store and grow her business

Retailpreneur

Solapur, Maharashtra

35,000 has been disbursed

273 potential days of livelihood i

11,317.71 is the current outstanding balance

93.69 0 6.31 23682 1596 0

94%

6%

0%


Rekha Paul is the owner of an apparel store in her village in Solapur Maharashtra. Her income supports her husband, Shashikanth a van driver and their two children Prachiti and Sachin. Rekha's dream is to construct an RCC house for her family and she hopes to fulfil her dream by growing her monthly income. She is seeking credit to restock the cloth and fabric at her store to grow her sales. By doing so, she hopes to also set aside a fund from the revenue made in the apparel store to purchase a plot of land where she can start farming to supplement her current income. She hopes her business ventures will enable her to pioneer change for her family as she strives to better the quality of life for them. Support ambitious Rekha today.

My dream is to build an RCC house for my children.

About Rekha Paul's livelihood

Rekha is a retailpreneur who works 6 hours a day for 7 days a week. With this loan Rekha 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

35,000

Loan
tenure

18 months

Moratorium

None

Repayment
mode

EMI i

Investee
occupation

Apparel 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

 

A

Rang De confidence score

 i


B


Partner
Rating i

B

Loan
Profile i

A

Financial
Profile i

B

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 1,15,70,500

Disbursed

389

Investees

89%

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

0 more to go -558 days remaining

added to cart