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Shravan Ambadas

Atak

Service Entrepreneur

Ahmednagar, Maharashtra

Borrower Image 1 Borrower Image 2 Borrower Image 3

Shravan Ambadas

Atak

#hardworking#breadwinner
Invest in Shravan today and help him build his own house.

Service Entrepreneur

Maharashtra

1,00,000 loan is fully repaid

1,00,000 loan is fully repaid


About Shravan Ambadas

Shravan, resides in Ahmednagar with his wife. He has been working hard for the last four years, selling sarees and utensils to make a living. He dreams of having a well-furnished, pakka house of his own. With this loan amount, Shravan would be able to turn his dream into a reality. He hopes that the house would help make living conditions better for him and his wife. Lend him a helping hand today and fill colors to the walls of his house and his life.

Interest Rate

The interest rate charged is split into returns for the social investor, fees for the impact partner and platform charges. Shravan Ambadas Atak 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

1,00,000

Loan
tenure

36 months

Moratorium

None

Repayment
mode

EMI

Investee
occupation

Others

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

89.0%

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

3

Total: ₹3000

FUNDS

INDIVIDUALS