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#RootforRangDe

Rang De is India’s first social lending platform where you can invest in people from low income households and earn nominal - moderate returns.

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Revati Gosavi

#progressive#determined
Enable Revati purchase nylon tyres for her sewing machines to boost business

Service Entrepreneur

Solapur, Maharashtra

50,000 has been disbursed

273 potential days of livelihood i

38,888.88 is the current outstanding balance

80 0 20 11111 2778 0

80%

20%

0%


About Revati Gosavi

Revati Gosavi is an entrepreneur from Solapur, Maharashtra. She lives with her mother, Sojar Gosavi, a homemaker. Revati is the sole breadwinner of her family and makes an income through a small production business. Looking to scale up the business, Revati is now seeking credit to buy raw materials to make nylon tyres which will be used as the bobbin winder friction wheels commonly used in the sewing machines. The stock up of raw material will help her boost production and maximize her output to make more sales. She hopes to grow her income to better the quality of life for her mother and her. She also aspires to open her tailoring unit and expand her business. Support Revati on her exciting venture today.

My dream is to become a successful businesswoman.

About Revati Gosavi's livelihood

Revati is a service entrepreneur who works 6 hours a day for 7 days a week. With this loan Revati will potentially obtain employment for 273 days.

Interest Rate
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

Loan Details

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

Loan
amount

50,000

Loan
tenure

18 months

Moratorium

None

Repayment
mode

EMI i

Investee
occupation

Others

Investee Credit Rating i :
Rang De Credit Rating A B C
What it means Low Risk Medium Risk High Risk

B

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

Co-curated and referred by our Impact Partner

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 1,17,05,500

Disbursed

393

Investees

100%

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 -335 days remaining

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