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Reshma

Sayyad

Food Entrepreneur

Solapur, Maharashtra

195 livelihood days

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Reshma

Sayyad

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

Food Entrepreneur

Maharashtra

195 potential days of livelihood

30,000 loan is fully repaid

30,000 loan is fully repaid


About Reshma

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.

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.

Interest Rate

The interest rate charged is split into returns for the social investor, fees for the impact partner and platform charges. Reshma Sayyad has consented to pay the interest as below:

Investee
pays

10.00% flat p.a.

18.00% APR

Social
Investor

5.00%

9.00% APR

Platform
charges

5.00%

9.00% APR

Loan Details

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

Investee
occupation

Food stall

Investee Credit Rating:
Very Good

Investee credit rating has been arrived at by our proprietary algorithm which factors in the following parameters: 1. Investee credit bureau scores 2. debt servicing ability

Co-curated and referred by our Impact Partner

Sakhi Samudaya Kosh

   
Maharashtra
Partner since 2019
Partner logo

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.

Rupees Icon

Rs 1,15,25,500

Disbursed
User circle icon

388

Investees
Repayment icon

100.0%

Repayments
Left quotes

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
RIght quotes
whatsapp_icon

3

3000

3

Total: ₹3000

FUNDS

INDIVIDUALS