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Santosh Vaishnav

#enterprising#passionate
Enable Santosh upgrade her apparel store to build a house for her family

Retailpreneur

Ajmer, Rajasthan

48,000 has been disbursed

364 potential days of livelihood i

25,600 is the current outstanding balance

100 0 0 22400 0 0

100%

0%

0%


Businesswoman Santosh Vaishnav is readying herself to make a key upgrade to her five-year-old business. Her dream is to construct a house for her family but she needs funds to make it happen. Her husband Shivdatt works in a sweet shop in Ajmer to also support the family. Determined to see her dream become a reality, Santosh has decided to take a leap forward in hopes of growing her income. She intends to use credit to restock her store with new fabric and apparel wear. In addition, she wants to give the shop a facelift by adding new furniture as well. She hopes these advancements will enable her to make increased sales thus earning her better revenue. Support Santosh on her exciting endeavour today.

I dream of building a house for my family.

About Santosh Vaishnav's livelihood

Santosh is a retailpreneur who works 8 hours a day for 7 days a week. With this loan Santosh will potentially obtain employment for 364 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

48,000

Loan
tenure

30 months

Moratorium

None

Repayment
mode

EMI i

Investee
occupation

Apparel store

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

B

Rajasthan Mahila Kalyan Mandal

Rajasthan
Partner since 2019

About

RMKM began working in the field of disability and rehabilitation in 1988, but has expanded to support the children and women of Rajasthan in many ways. RMKM works to create empowered women entrepreneurs by providing them with access to education, health services and credit.

Impact Narrative

Credit is virtually inaccessible to the women entrepreneurs in Rajasthan. The Rang De loans are designed to empower these women to start and grow their businesses.

Rs 37,05,000

Disbursed

80

Investees

100%

Repayments

Rang De works with the same mission as ours - upliftment and welfare of the poor, backward and the specially abled, leading to their respectful and dignified life in the society.

- Nanu Lal Prajapati, Head of Livelihoods project, RMKM

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