Agripreneur
Ahmadnagar, Maharashtra
90,000 has been disbursed Tranche : 0
Agripreneur
Ahmadnagar, Maharashtra
90,000 has been disbursed Tranche : 0
₹ 39,990 is
the current outstanding balance
100%
0%
0%
Savita Balu is a successful farmer, apart from being a dedicated mother. She is the sole breadwinner of her family and dreams of having a house of her own. This credit would help her achieve it. She will utilize the loan amount to meet construction expenses and other expenses like painting and fixings. Invest in Savita Balu as she single-handedly provides for her family!
The interest rate charged is split into returns for the social investor, fees for the impact partner and platform charges.
Investee
pays
5.50% flat p.a.
9.90% APR
Social
Investor
2.00%
3.60% APR
Impact
Partner
up to 2.00%
3.60% APR
Platform
charges
1.50%
2.70% APR
The following section provides a detailed view of the investee loan requirement.
Loan
amount
₹ 90,000
Loan
tenure
36 months
Moratorium
None
Repayment
mode
EMI
Investee
occupation
Farming
Snehalaya works towards developing awareness and capabilities of individuals who have been deprived of their fundamental rights, as a result of the inequalities that exist in our society. The agency provides rescue, rights and rehabilitative services to the communities in most need. They are now working with Curry Stone Design Collaborative and Hunnarshala Foundation on a redevelopment program for the slums of Sanjaynagar in Ahmednagar.
This partnership will enable 298 families of Sanjaynagar in Ahmednagar to become proud owners of their dream homes.
Rs 25,40,000
Disbursed
27
Investees
100.0%
Repayments
At a time when most banks and micro-finance institutions turned the residents of Sanjaynagar away, our partnership with Rang De has enabled us to introduce our community members to formal sources of credit for the first time.
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