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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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Savara Sirangamma

#achiever#hustler
Savara needs to fund processing and storage costs to hold on to her produce.

Agripreneur

Srikakulam, Andhra Pradesh

25,000 has been disbursed

130 potential days of livelihood i

25,000 is the current outstanding balance


About Savara Sirangamma

Savara has been practising horticulture for twenty four years now. She is from Srikakulam, Andhra Pradesh and lives with a family of four. Due to the unfavourable conditions, her tamarind produce is not selling at a reasonable price. This loan will help her purchase and cultivate millets and access processing and cold storage facilities. Support Savara financially.

I wish to give a good future for my children.

About Savara Sirangamma's livelihood

Savara is an agripreneur who works 4 hours a day for 5 days a week. With this loan Savara will potentially obtain employment for 130 days.

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

25,000

Loan
tenure

9 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

Watershed Support Services and Activities Network

Andhra Pradesh and Telangana
Partner since 2020

About

WASSAN's vision is to establish participatory processes that strengthen Natural Resources Management practices to secure livelihoods of deprived communities, particularly scheduled castes and tribes, in drought prone areas.

Impact Narrative

To protect tribal farmers from falling prices of tamarind, Rang De and WASSAN have partnered to enable tribal farmers to meet the expenses of processing and storing their tamarind produce, while they wait for market conditions to improve.

Rs 24,40,000

Disbursed

71

Investees

100%

Repayments

Accessing credit from banks during the lockdown period has been very difficult in the tribal area. In these trying times, our partnership with Rang De has provided relief.

- Dr. M L Sanyasi Rao, Regional Program Manager, Wassan

0 more to go -91 days remaining

added to cart