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Savita Kumbhar

#talented#progressive
Enable Skillful artisan Savita purchase raw material for her handmade craft

Creative Entrepreneur

Solapur, Maharashtra

50,000 has been disbursed

273 potential days of livelihood i

33,333.32 is the current outstanding balance

54.55 18.18 27.27 16667 8333 5556

55%

27%

18%


For five years, creative Savita has been making good use of her skills in her small handicraft business. Her husband, Shashikant Kumbhar is also an artisan who specializes in making beautiful clay sculptures and figurines of the Hindu God ‘Ganpati' for devotees. Savita is now seeking credit to purchase the raw materials needed to make ‘Ganpati’ idols and clay dolls. Her dream is to see her son continue the family’s tradition of creative pursuit and become a successful painter, and she is determined to give him the support that he needs. Savita is also a skilled tailor and wants to leverage her tailoring talent to open a tailoring centre where she can design and sell clothing. She hopes this step will steer her family's future in the direction of financial stability. Join hands with inspirational Savita as she beats all odds to fuel success.

My dream is to see my son become a great painter.

About Savita Kumbhar's livelihood

Savita is a creative entrepreneur who works 6 hours a day for 7 days a week. With this loan Savita 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

5.0%

9.0% APR

Impact
Partner i

up to 5.0%

9.0% APR

Platform
charges i

0.0%

0.0% APR

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

Loan
amount

50,000

Loan
tenure

18 months

Moratorium

None

Repayment
mode

EMI i

Investee
occupation

Handicrafts

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

 

C

Rang De confidence score

 i


B


Partner
Rating i

B

Loan
Profile i

B

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

91%

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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