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Shahida

Mulani

Retailpreneur

Solapur, Maharashtra

156 livelihood days

Borrower Image 1 Borrower Image 2 Borrower Image 3

Shahida

Mulani

#pioneer#spirited
Shahida Mulani is weaving herself a bright and vibrant business

Retailpreneur

Maharashtra

156 potential days of livelihood

₹ 30,000 loan is fully repaid

₹ 30,000 loan is fully repaid

About Shahida

Mother of three, Shahida Mulani has a vibrant dream. She wants to start a sari business to sell the six yards of elegance to her neighbors in Solapur. Shahida is seeking credit in order to launch this exciting project. This big step is also making her financially literate, and increasing her familiarity with digital transactions. The funds will be used to buy a pico fall machine and it's motor, integral equipment for her sari business. Finance Shahida’s tailoring venture as it propels towards success.

About Shahida Mulani's livelihood

Shahida is a retailpreneur who works 4 hours a day for 6 days a week. With this loan Shahida will potentially obtain employment for 156 days.

Interest Rate

The interest rate charged is split into returns for the social investor, fees for the impact partner and platform charges. Shahida Mulani has consented to pay the interest as below:

Investee
pays

10.00% flat p.a.

18.00% APR

Social
Investor

5.00%

9.00% APR

Platform
charges

5.00%

9.00% APR

Loan Details

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

Loan
amount

₹ 30,000

Loan
tenure

12 months

Moratorium

None

Repayment
mode

EMI

Investee
occupation

Apparel store

Investee Credit Rating:
Good

Investee credit rating has been arrived at by our proprietary algorithm which factors in the following parameters: 1. Investee credit bureau scores 2. debt servicing ability

Co-curated and referred by our Impact Partner

Sakhi Samudaya Kosh

   
Maharashtra
Partner since 2019
Partner logo

About

SSK was established by Swayam Shikshan Prayog (SSP), a development organization in the year 2006. Sakhi Samudaya Kosh works to provide socially relevant financial services for rural women and their communities in order to reduce poverty and improve quality of life. Their main objective is to seed the idea of entrepreneurship among local communities and 'create community influencers' for women and girls.

Impact Narrative

Rang De has partnered with SSK to provide women leaders in the community with access to affordable and timely credit.

Rupees Icon

Rs 1,15,25,500

Disbursed
User circle icon

388

Investees
Repayment icon

100.0%

Repayments
Left quotes

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
RIght quotes
whatsapp_icon

3

₹ 3000

Proceed to Pay

3

Total: ₹3000

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