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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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Shaikh Shabana Shaukat

#believer#breadwinner
Shabana needs credit to explore her business interests.

Service Entrepreneur

Beed, Maharashtra

25,000 has been disbursed

318 potential days of livelihood i

25,000 is the current outstanding balance


About Shaikh Shabana Shaukat

Shabana lives with a family of three. She owns a store in Beed, Maharashtra where she sells sarees. She is looking to expanding the business by restocking the collection of sarees in her store. Expanding the business would mean a higher income for the family. She hopes to continue to support her husband in providing for the family by running a successful business. This credit would help in making her dreams come true.

I wish to give my husband a motorcycle.

About Shaikh Shabana Shaukat's livelihood

Shaikh is a service entrepreneur who works 7 hours a day for 7 days a week. With this loan Shaikh will potentially obtain employment for 318 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

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

Loan Details

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

Loan
amount

25,000

Loan
tenure

18 months

Moratorium

None

Repayment
mode

EMI i

Investee
occupation

Others

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

 

A

Rang De confidence score

 i


B


Partner
Rating i

B

Loan
Profile i

A

Financial
Profile i

A

Co-curated and referred by our Impact Partner
Navchetana Sarvagin Vikas Kendra

Established in

2008

With Rang De from

2020

Founded by

Manisha Ghule

Navchetana Sarvangin Vikas Kendra (NSVK) works with the most marginalised communities of Marathwada, Maharashtra to empower them socially and economically. Navchetna strives to transform unjust structures of the society from the grassroots, and build harmonious and self-sufficient communities for people from various religions, languages, and cultures.

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