Shravan Atak

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

Service Entrepreneur

Ahmednagar, Maharashtra

50,000 loan needed Tranche : 1


About Shravan Atak

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.

I dream of owning a four-wheeler.
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

5.5% flat p.a.

9.9% APR

Social
Investor i

2.0%

3.6% APR

Impact
Partner i

up to 2.0%

3.6% APR

Platform
charges i

1.5%

2.7% APR

Loan Details

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

Loan
amount

50,000

Loan
tenure

18 months

Previous
loans

0

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

No credit history available

 

Rang De confidence score

 i


B


×

Partner
Rating i

B

Loan
Profile i

B

Financial
Profile i

A

Co-curated and referred by our Impact Partner
Snehalaya

Established in

1989

With Rang De from

2020

Founded by

Girish Kulkarni

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.

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