Shridevi Umade

#independent#selfless
Invest in the working capital requirements of Shridevi’s apparel store

Retailpreneur

Solapur, Maharashtra

273 potential days of livelihood i

40,000 is ready for disbursal


About Shridevi Umade

Shridevi Umade is a single mother and businesswoman from Solapur, Maharashtra. She has single-handedly managed to fund the higher education of her only son Pravin Umade who is a proud graduate. For the last five years, Shridevi has been running an apparel store in her community. With the support of our impact partner SSK, she has been able to successfully scale this store to a stable position. She is now seeking credit to purchase new fabrics and garments for the store. With these purchases, she hopes to have a profitable business season. Shridevi has plans to open up a second store close to her home and is working hard to save up some funds to finance this expansion. Her dream is to be able to construct a new home that she can leave behind for her son. Invest in Shridevi’s working capital needs and support her selfless journey.

My dream is to construct a house for my son.

About Shridevi Umade's livelihood

Shridevi is a retailpreneur who works 6 hours a day for 7 days a week. With this loan Shridevi will potentially obtain employment for 273 days.

Interest Rate

The interest rate charged is split into returns for the social investor, fees for the impact partner and platform charges. The breakup depends on whether the social investor is a Seeker or Believer.

i

Investee
pays i

10.0% flat p.a.

18.0% APR

Social
Investor i

2.0%

3.6% APR

Impact
Partner i

up to 5.0%

9.0% APR

Platform
charges i

3.0%

5.4% APR

Investee
pays i

10.0% flat p.a.

18.0% APR

Social
Investor i

5.0%

9.0% APR

Impact
Partner i

up to 5.0%

9.0% APR

Platform
charges i

0.0%

0.0% APR

Loan Details

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

Loan
amount

40,000

Loan
tenure

18 months

Previous
loans

0

Investee
occupation

Apparel store

Investee Credit Rating i :
Rang De Credit Rating A B C
What it means Low Risk Medium Risk High Risk

A

The rating is derived from the following data points.

Credit
bureau
score i

 

A

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
Sakhi Samudaya Kosh

Established in

2006

With Rang De from

2019

Founded by

Prema Gopalan

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.

0 more to go -2 days remaining

added to cart

VIEW CART