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Sharad Navnath

Adagale

Service Entrepreneur

Ahmadnagar, Maharashtra

90,000 has been disbursed Tranche : 0

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Sharad Navnath

Adagale

#positive#passionate
Support Sharad to meet the final expenses of his house construction.

Service Entrepreneur

Maharashtra

90,000 has been disbursed Tranche : 0

₹ 55,921.5 is
the current outstanding balance
48.68 3.57 7.14 40.6 34078 2500 5000 28422

49%

4%

7%

41%

About Sharad Navnath

Sharad Navnath Adagale has been working as a domestic worker for over eight years to support his family of five. His biggest dream is to build a house for his family and he is on his way of fulfilling his dream. But the pandemic made it difficult for him to to arrange funds to meet the final expenses of the construction. He requires some financial assistance from Rang De to meet the house customization expenses. He hopes to complete the construction works soon and move to the new house with his family. Support Sharad today!

Interest Rate

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

Investee
pays

5.50% flat p.a.

9.90% APR

Social
Investor

2.00%

3.60% APR

Platform
charges

3.50%

6.30% APR

Loan Details

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

Construction

Investee Credit Rating:
Excellent

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

Snehalaya

   
Maharashtra
Partner since 2020
Partner logo

About

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.

Impact Narrative

This partnership will enable 298 families of Sanjaynagar in Ahmednagar to become proud owners of their dream homes.

Rupees Icon

Rs 25,40,000

Disbursed
User circle icon

27

Investees
Repayment icon

88.0%

Repayments
Left quotes

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.

- Hanif Shaikh, Assistant Director- Education, Snehalaya
RIght quotes
whatsapp_icon

3

₹ 3000

Proceed to Pay

3

Total: ₹3000

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