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Sangita Aavatade

#resolute#spirited
Support Sangita cultivate a wider variety of vegetables on her farm

Agripreneur

Solapur, Maharashtra

45,000 has been disbursed

273 potential days of livelihood i

27,815 is the current outstanding balance

76.38 0 23.62 17185 5315 0

76%

24%

0%


For five years, mother and businesswoman, Sangita Aavatade from Solapur, Maharashtra has been toiling away on her small plot of land, to support her family. Her husband, Suresh, runs a milk business and their son, Samadhan is a teenager still enrolled in school. Currently, Sangita grows onions and beetroots on her farm but she now wants to cultivate chillies, potatoes, brinjals, and tomatoes to add to her basket. By growing a wider variety of vegetables on her farm, Sangita hopes to increase her revenue. Her dream is to buy her husband a car once she's able to expand her business and make enough income. Support Sangita to see her soar.

My dream is to buy a car for my husband.

About Sangita Aavatade's livelihood

Sangita is an agripreneur who works 6 hours a day for 7 days a week. With this loan Sangita will potentially obtain employment for 273 days.

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

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

Loan
amount

45,000

Loan
tenure

18 months

Moratorium

None

Repayment
mode

EMI i

Investee
occupation

Farming

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

 

A

Rang De confidence score

 i


B


Partner
Rating i

B

Loan
Profile i

B

Financial
Profile i

A

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 1,16,15,500

Disbursed

390

Investees

95%

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 -462 days remaining

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