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Sainath Ambadas

Atak

Domestic Worker

Ahmadnagar, Maharashtra

Borrower Image 1 Borrower Image 2 Borrower Image 4 Borrower Image 5

Sainath Ambadas

Atak

#dedicated#gogetter
Support Sainath as he builds his own house.

Domestic Worker

Maharashtra

₹ 1,00,000 loan is fully repaid

₹ 1,00,000 loan is fully repaid

About Sainath Ambadas

Sainath lives in Ahmadnagar, Maharashtra. He owns a small refreshment shop there that earns him a livelihood. Before the pandemic hit world wide, he had dreamt of living in a house of his own but when nature took its course and lockdown was announced, he was left with no safe place to stay. As of today, he is very close to constructing a house of his own. This loan would help him cover the last costs of the construction like painting and fittings. Invest in Sainath today so that he and his family can have a stable roof above their head.

Interest Rate

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

Investee
pays

5.50% flat p.a.

9.90% APR

Social
Investor

2.00%

3.60% APR

Impact
Partner

up to 2.00%

3.60% APR

Platform
charges

1.50%

2.70% APR

Loan Details

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

Loan
amount

₹ 1,00,000

Loan
tenure

30 months

Moratorium

None

Repayment
mode

EMI

Investee
occupation

Domestic worker

Investee Credit Rating:
Excellent

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

Snehalaya

   
Maharashtra
Partner since 2020
Partner logo

About

Snehalaya works towards developing awareness and capabilities of individuals who have been deprived of their fundamental rights, as a result of the inequalities that exist in our society. The agency provides rescue, rights and rehabilitative services to the communities in most need. They are now working with Curry Stone Design Collaborative and Hunnarshala Foundation on a redevelopment program for the slums of Sanjaynagar in Ahmednagar.

Impact Narrative

This partnership will enable 298 families of Sanjaynagar in Ahmednagar to become proud owners of their dream homes.

Rupees Icon

Rs 25,40,000

Disbursed
User circle icon

27

Investees
Repayment icon

96.0%

Repayments
Left quotes

At a time when most banks and micro-finance institutions turned the residents of Sanjaynagar away, our partnership with Rang De has enabled us to introduce our community members to formal sources of credit for the first time.

- Hanif Shaikh, Assistant Director- Education, Snehalaya
RIght quotes
whatsapp_icon

3

₹ 3000

Proceed to Pay

3

Total: ₹3000

Your Investees

FUNDS

INDIVIDUALS