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Sainath Ambadas Atak

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

Domestic Worker

Ahmadnagar, Maharashtra

1,00,000 has been disbursed Tranche : 0

96,666.66 is the current outstanding balance

100 0 0 3333 0 0

100%

0%

0%


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.

I want to own a car in the future by growing my business.
The interest rate charged is split into returns for the social investor, fees for the impact partner and platform charges.

Investee
pays i

5.5% flat p.a.

9.9% APR

Social
Investor i

2.0%

3.6% APR

Impact
Partner i

up to 2.0%

3.6% APR

Platform
charges i

1.5%

2.7% APR

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 i

Investee
occupation

Domestic worker

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

No credit history available

 

Rang De confidence score

 i


B


Partner
Rating i

B

Loan
Profile i

B

Financial
Profile i

A

Snehalaya

Maharashtra
Partner since 2020

About

Snehalaya provides rescue, rights and rehabilitative services to communities who have been deprived of their fundamental rights. They are now working with Curry Stone Design Collaborative and Hunnarshala on a redevelopment program for the slums of Sanjaynagar in Ahmednagar.

Impact Narrative

This partnership will enable about 300 slum dwellers of Sanjaynagar to become proud owners of their dream homes.

Rs 10,20,000

Disbursed

14

Investees

100%

Repayments

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

0 more to go -35 days remaining

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