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Rekha Swami

#spirited#industrious
Enable young Rekha buy goods to restock her retail store

Retailpreneur

Solapur, Maharashtra

45,000 has been disbursed

273 potential days of livelihood i

32,865 is the current outstanding balance

60.68 1.82 37.5 12135 7500 365

61%

38%

2%


Rekha Swami is a young Entrepreneur running a retail store in Solapur Maharashtra. She is supported by her husband, Shivshankar Swami an auto rickshaw driver. Rekha has now decided to empower her husband and dreams of gifting her him a rickshaw of his own. She is working hard to save funds for this big purchase. Rekha is seeking credit to stock up groceries for her retail store. She hopes that the availability of more items at her store will enable her to make more sales thus growing her income. Her plan is to supplement this income by purchasing a farm and save funds dedicated to bettering the quality of life for her husband and her. Support industrious Rekha today as she wins for her husband.

My dream is to gift my husband with an Auto Rickshaw.

About Rekha Swami'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

45,000

Loan
tenure

18 months

Moratorium

None

Repayment
mode

EMI i

Investee
occupation

Retail 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

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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