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Saroja Rajkumar

Avate

logoFood Entrepreneur

logo Solapur, Maharashtra

logo 30,000 has been disbursed

logo 273 livelihood days Number of days of productive livelihood activity that this loan will potentially facilitate

b-img b-img b-img b-img

Saroja Rajkumar

Avate

#breadwinner#hardworking
Saroja needs to expand her food business.

logoFood Entrepreneur

logo Solapur, Maharashtra

logo 30,000 has been disbursed

logo 273 potential days of livelihood Number of days of productive livelihood activity that this loan will potentially facilitate

1,666.61 is
the current outstanding balance

94.44 5.56 0 28333 0 1667

94%

0%

6%


Saroja is a small entrepreneur from Solapur, Maharashtra. She has been serving her brand of completely homemade food for the past six years on a stall. She, along with her husband, supports her two children and runs a small business to add to the family income. She is now looking for a credit to invest in her food stall equipment and raw materials for noodle making. She also wishes to set up a flour mill. Her infectious smile speaks of her dream of enjoying a secure future with her family.

My dream is to enjoy a secure future with my family.

About Saroja Rajkumar Avate's livelihood

Saroja Rajkumar is a food entrepreneur who works 7 hours a day for 6 days a week. With this loan Saroja Rajkumar 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 The rate of interest charged to the investee

10.00% flat p.a.

18.00% APR

Social
Investor The rate of return an investor makes

4.00%

7.20% APR

Impact
Partner The rate of return an impact partner makes

up to 4.00%

7.20% APR

Platform
charges The charges, the platform incurs by offering it's services

2.00%

3.60% APR

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

Loan
amount

30,000

Loan
tenure

18 months

Moratorium

None

Repayment
mode

EMI Equated Monthly Instalment

Investee
occupation

Food stall

The credit rating of the investee is arrived at by using a proprietary algorithm that factors in the investee’s credit score and the performance rating of the Impact Partner.

Sakhi Samudaya Kosh

   view website
Maharashtra
Partner since 2019

About

SSK was established by Swayam Shikshan Prayog (SSP), a development organization in the year 2006. Sakhi Samudaya Kosh works to provide socially relevant financial services for rural women and their communities in order to reduce poverty and improve quality of life. Their main objective is to seed the idea of entrepreneurship among local communities and 'create community influencers' for women and girls.

Impact Narrative

Rang De has partnered with SSK to provide women leaders in the community with access to affordable and timely credit.

Rs 1,15,25,500

Disbursed

388

Investees

94.0%

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
whatsapp_icon

3

3000

3

Total: ₹3000

Your Investees

Total Lives Impacted

0

Days of Livelihood

0