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#RootforRangDe

Rang De is India’s first social lending platform where you can invest in people from low income households and earn nominal - moderate returns.

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Sonali Dora

#ambitious#achiever
Invest in Sonali to enable her to purchase seeds and fertilizers for the sowing season.

Agripreneur

Koraput, Orissa

10,000 has been disbursed

312 potential days of livelihood i

10,000 is the current outstanding balance


About Sonali Dora

Sonali needs to begin sowing for the Rabi season. She is from Koraput, Orissa, and lives with a family of three. The recent disruption due to the COVID-19 crisis has made it difficult for Sonali to procure essential supplies. She is falling short of options and time is ticking. With the help of this loan, she will be able to buy all the essentials required and begin the season on time. She aims to cultivate vegetables and needs to purchase good quality seeds, fertilizers, pesticides, and needs to fence the field also. This will help her to have a successful harvest and fulfilling the needs of her family.

I wish to give a good education to my child.

About Sonali Dora's livelihood

Sonali is an agripreneur who works 8 hours a day for 6 days a week. With this loan Sonali will potentially obtain employment for 312 days.

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

0.0% flat p.a.

0.0% APR

Social
Investor i

0.0%

0.0% APR

Impact
Partner i

up to 0.0%

0.0% 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

10,000

Loan
tenure

6 months

Moratorium

None

Repayment
mode

Flexible repayments i

Investee
occupation

Farming

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

Harsha Trust

Orissa
Partner since 2020

About

Harsha Trust works collaboratively with NGOs, government and corporations to enable small and marginal farmers to increase their income. It primarily implements grassroots development projects for sustainable natural resource/enterprise-based livelihood generation and better health of communities.

Impact Narrative

With institutional credit drying up, Rang De has joined forces with Harsha Trust to provide small and marginal farmers interest free loans to purchase seeds and fertilisers for the Kharif season.

Rs 2,13,06,000

Disbursed

1346

Investees

100%

Repayments

The credit need among our community members is immediate. The timely credit from Rang De will help the farmers to grow the Kharif crop to their full capacity ensuring income and nutrition in their household during this time of uncertainty.

- Kallul Bora, Executive Director, Harsha Trust

0 more to go -83 days remaining

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