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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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Santosh Bhende

#farmer#resilient
Enable Santosh to hold on to his grains until prices improve.

Agripreneur

Yavatmal, Maharashtra

1,00,000 fully repaid


About Santosh Bhende

Santosh Bhende has been a hard-working farmer. Toiling hard for the entire year, he hopes to get a reasonable price for his harvest. He has locked in his produce at Gramhal’s warehouse and is awaiting the right price for it. Until then Santosh has to manage his daily expenses and dues. With a family of five, and capital requirements for the ongoing cultivation season, there is distress and uncertainty. Invest to fill the credit gap Santosh faces until he reaps his returns.

My dream is to make a fair income for my hardwork.
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

0.0% flat p.a.

0.0% APR

Social
Investor i

0.0%

0.0% APR

Impact
Partner i

up to 0.0%

0.0% 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

1,00,000

Loan
tenure

6 months

Moratorium

None

Repayment
mode

Flexible repayments i

Investee
occupation

Farming

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

B

Financial
Profile i

A

Co-curated and referred by our Impact Partner
Gramhal

Established in

2019

With Rang De from

2020

Founded by

Vikas Birhma

Gramhal is an agtech startup that builds smallholder farmers’ agency and increases their income by unlocking post-harvest services of storage, credit, and market linkage. Lack of access to storage and the need to repay credit during the harvesting season forces farmers to quickly sell off their produce without waiting for a favorable market condition. Thus many smallholder farmers end up in a vicious debt cycle leading to one farmer suicide every half an hour. Gramhal’s gamechanging efforts have got them wide recognition from the Harvard Kennedy School, Echoing Green Fellowship, Rabobank-MIT, and may other notable institutions.

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