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Saroja Rajkumar Avate

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

Food Entrepreneur

Solapur, Maharashtra

30,000 has been disbursed

273 potential days of livelihood i

16,666.64 is the current outstanding balance

88.89 0 11.11 13333 1667 0

89%

11%

0%


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 i

10.0% flat p.a.

18.0% APR

Social
Investor i

4.0%

7.2% APR

Impact
Partner i

up to 4.0%

7.2% APR

Platform
charges i

2.0%

3.6% 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 i

Investee
occupation

Food stall

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

A

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 1,15,70,500

Disbursed

389

Investees

90%

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

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