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Sudam

Adagale

Service Entrepreneur

Ahmednagar, Maharashtra

90,000 has been disbursed Tranche : 0

Borrower Image 1 Borrower Image 2 Borrower Image 3 Borrower Image 4

Sudam

Adagale

#determined#dedicated
Invest in Sudam to complete the construction of his house and lead a happy life.

Service Entrepreneur

Maharashtra

90,000 has been disbursed Tranche : 0

44,990 is
the current outstanding balance

66.68 3.7 7.41 22.21 45010 2500 5000 14990

67%

4%

7%

22%


About Sudam

Sudam is a resident of Ahmednagar, Maharashtra, and has been working as a construction worker for the last six years. He supported his family with the income generated through his works with construction materials and carpentry. Sudam could not afford to build a new house for his family and had been living in a rented home. With support from Snehalaya, he could fulfill the dream of his own house. But the pandemic made it hard for him to arrange funds. With the help of this loan, he will be able to complete the construction and meet the customization expenses of his house and can move into a home of his own. Invest in Sudam to help build the happy life of his dreams.

Interest Rate

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

Investee
pays

5.50% flat p.a.

9.90% APR

Social
Investor

2.00%

3.60% APR

Platform
charges

3.50%

6.30% APR

Loan Details

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

Loan
amount

90,000

Loan
tenure

36 months

Moratorium

None

Repayment
mode

EMI

Investee
occupation

Construction

Investee Credit Rating:
Excellent

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

Snehalaya

   
Maharashtra
Partner since 2020
Partner logo

About

Snehalaya works towards developing awareness and capabilities of individuals who have been deprived of their fundamental rights, as a result of the inequalities that exist in our society. The agency provides rescue, rights and rehabilitative services to the communities in most need. They are now working with Curry Stone Design Collaborative and Hunnarshala Foundation on a redevelopment program for the slums of Sanjaynagar in Ahmednagar.

Impact Narrative

This partnership will enable 298 families of Sanjaynagar in Ahmednagar to become proud owners of their dream homes.

Rupees Icon

Rs 25,40,000

Disbursed
User circle icon

27

Investees
Repayment icon

88.0%

Repayments
Left quotes

At a time when most banks and micro-finance institutions turned the residents of Sanjaynagar away, our partnership with Rang De has enabled us to introduce our community members to formal sources of credit for the first time.

- Hanif Shaikh, Assistant Director- Education, Snehalaya
RIght quotes
whatsapp_icon

3

3000

3

Total: ₹3000

FUNDS

INDIVIDUALS