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Shravan Ambadas

Atak

Service Entrepreneur

Ahmednagar, Maharashtra

50,000 loan needed Tranche : 1

Borrower Image 1 Borrower Image 2 Borrower Image 3 Borrower Image 4

Shravan Ambadas

Atak

#dreamer#leader
Optimistic Shravan is working hard to create the life he dreams of.

Service Entrepreneur

Maharashtra

50,000 loan needed Tranche : 1

Shravan Ambadas Atak's loan is cancelled and investments shall be reverted.


About Shravan Ambadas

Behind Shravan’s twinkling smile, is a man who dares to dream. He has been working in the recycling business for the last four years, looking out for his wife Jyoti and himself. He trades kitchen vessels for old clothes and then sells the clothes collected to a large recycling unit. He is very excited about the redevelopment project and the opportunities that the new infrastructure will create. Shravan is working hard to save up towards his next goal of owning and running a shop. He has never taken a formal loan before and is grateful for the opportunity to learn more about the workings of the digital financial system.

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

50,000

Loan
tenure

18 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

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

3

Total: ₹3000

FUNDS

INDIVIDUALS