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Sonal

Patil

logoRetailpreneur

logo Solapur, Maharashtra

logo 273 livelihood days Number of days of productive livelihood activity that this loan will potentially facilitate

b-img b-img b-img

Sonal

Patil

#spirited#tireless
Enable Sonal uplift her apparel business and increase her output

logoRetailpreneur

logo Solapur, Maharashtra

logo 273 potential days of livelihood Number of days of productive livelihood activity that this loan will potentially facilitate

35,000 loan is fully repaid

35,000 loan is fully repaid


Sonal Patil is the owner of a small apparel store in Solapur, Maharashtra. She has been running the store for two years and now wants to make some investments in her business, to grow her monthly income. She is seeking credit to finance the purchase of a new tailoring machine and some fabric so she can serve her customers with new designs. These additions will also enable her to increase her output and to sell more products in her store. Sonal hopes the funds from her business will allow her to educate her only child, Samarth Patil so he can become a police officer. She also wishes to supplement her current apparel business by starting a milk business in the near future so she can better support her husband and son. Join hands with spirited Sonal today.

I dream of seeing my son become a police inspector.

About Sonal Patil's livelihood

Sonal is a retailpreneur who works 6 hours a day for 7 days a week. With this loan Sonal 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 The rate of interest charged to the investee

10.00% flat p.a.

18.00% APR

Social
Investor The rate of return an investor makes

5.00%

9.00% APR

Impact
Partner The rate of return an impact partner makes

up to 5.00%

9.00% APR

Platform
charges The charges, the platform incurs by offering it's services

0.00%

0.00% APR

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

Loan
amount

35,000

Loan
tenure

12 months

Moratorium

None

Repayment
mode

EMI Equated Monthly Instalment

Investee
occupation

Apparel store

The credit rating of the investee is arrived at by using a proprietary algorithm that factors in the investee’s credit score and the performance rating of the Impact Partner.

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

94.0%

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
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3

3000

3

Total: ₹3000

Your Investees

Total Lives Impacted

0

Days of Livelihood

0