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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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Sangita Pawar

#determined#enterprising
Support Sangita make purposeful purchases of water jars to grow her business

Food Entrepreneur

Solapur, Maharashtra

35,000 has been disbursed

227 potential days of livelihood i

11,668.36 is the current outstanding balance

88.88 0 11.12 23332 2918 0

89%

11%

0%


About Sangita Pawar

Sangita Pawar has a dream; she wants to run a hotel at the district level one day. Having set goals to achieve her dream, Sangita has been toiling seven days a week running her current food and condiments business. She now wants to make a key upgrade through the purchase of water jars for her business. Currently, Sangita supplies water to her community members but wants to increase her customer base by purchasing more water jars. This key addition will help Sangita grow the output of her business, and increase her monthly income. She also aspires to see her oldest son, Harish fulfill his dream of becoming an engineer. Help determined Sangita make her dreams and goals come to life.

My dream is to see my son become an engineer.

About Sangita Pawar's livelihood

Sangita is a food entrepreneur who works 5 hours a day for 7 days a week. With this loan Sangita will potentially obtain employment for 227 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

35,000

Loan
tenure

12 months

Moratorium

None

Repayment
mode

EMI i

Investee
occupation

Food store

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

No credit history available

 

Rang De confidence score

 i


B


Partner
Rating i

B

Loan
Profile i

A

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 -447 days remaining

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