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Reshma Sayyad

#pioneer#committed
Reshma is popping a surprise for the customers of her food stall

Food Entrepreneur

Solapur, Maharashtra

30,000 has been disbursed

195 potential days of livelihood i

10,000 is the current outstanding balance

66.67 16.67 16.67 20000 5000 5000

67%

17%

17%


Mother, wife and entrepreneur, Reshma Sayyad is popping a surprise for the customers of her food stall. She has decided to add popcorn to her menu, a quick snack that she thinks will delight her existing customers, and attract new ones. With this loan, she will be able to purchase a popcorn popping machine, sealing machine and packaging material. She hopes that this appealing addition to her food stall will help her increase her revenue and in the long run, and help her save up for the higher education of her eight-year-old son Momin, who dreams of becoming a police officer.

My dream is to see my son grow up to become a police officer.

About Reshma Sayyad's livelihood

Reshma is a food entrepreneur who works 5 hours a day for 6 days a week. With this loan Reshma will potentially obtain employment for 195 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

30,000

Loan
tenure

12 months

Moratorium

None

Repayment
mode

EMI i

Investee
occupation

Food stall

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 1,16,15,500

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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