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Sonal

Patil

Retailpreneur

Solapur, Maharashtra

273 livelihood days

Borrower Image 1 Borrower Image 2 Borrower Image 3

Sonal

Patil

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

Retailpreneur

Maharashtra

273 potential days of livelihood

35,000 loan is fully repaid

35,000 loan is fully repaid


About Sonal

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.

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.

Interest Rate

The interest rate charged is split into returns for the social investor, fees for the impact partner and platform charges. Sonal Patil has consented to pay the interest as below:

Investee
pays

10.00% flat p.a.

18.00% APR

Social
Investor

5.00%

9.00% APR

Platform
charges

5.00%

9.00% APR

Loan Details

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

Investee
occupation

Apparel store

Investee Credit Rating:
Very Good

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

Sakhi Samudaya Kosh

   
Maharashtra
Partner since 2019
Partner logo

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.

Rupees Icon

Rs 1,15,25,500

Disbursed
User circle icon

388

Investees
Repayment icon

100.0%

Repayments
Left quotes

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
RIght quotes
whatsapp_icon

3

3000

3

Total: ₹3000

FUNDS

INDIVIDUALS