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Shridevi

Umade

logoRetailpreneur

logo Solapur, Maharashtra

logo 273 livelihood days i

b-img b-img b-img

Shridevi

Umade

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

logoRetailpreneur

logo Solapur, Maharashtra

logo 273 potential days of livelihood i

40,000 loan is fully repaid

40,000 loan is fully repaid


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.

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

Investee
pays i

10.00% flat p.a.

18.00% APR

Social
Investor i

5.00%

9.00% APR

Impact
Partner i

up to 5.00%

9.00% APR

Platform
charges i

0.00%

0.00% APR

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

Loan
amount

40,000

Loan
tenure

18 months

Moratorium

None

Repayment
mode

EMI i

Investee
occupation

Apparel store

i :

B

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

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

Sakhi Samudaya Kosh

   view website
Maharashtra
Partner since 2019

About

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.

Impact Narrative

Rang De has partnered with SSK to provide women leaders in the community with access to affordable and timely credit.

Rs 1,15,25,500

Disbursed

388

Investees

95.0%

Repayments

Customized loan products with affordable interest rates and long repayment tenures help the women entrepreneurs in our community to reinvest their income and expand their business turnover.

- Amar Shrimal, Chief Operations Officer, SSK
whatsapp_icon

3

3000

3

Total: ₹3000

Your Investees

Total Lives Impacted

0

Days of Livelihood

0