false
false 0 0 SEJfduniib

Sudam

Adagale

logoService Entrepreneur

logo Ahmednagar, Maharashtra

logo 90,000 has been disbursed Tranche : 0

b-img b-img b-img b-img

Sudam

Adagale

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

logoService Entrepreneur

logo Ahmednagar, Maharashtra

logo 90,000 has been disbursed Tranche : 0

70,000 is
the current outstanding balance

100 0 0 20000 0 0

100%

0%

0%


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.

I wish to give a good future for my children.
The interest rate charged is split into returns for the social investor, fees for the impact partner and platform charges.

Investee
pays i

5.50% flat p.a.

9.90% APR

Social
Investor i

2.00%

3.60% APR

Impact
Partner i

up to 2.00%

3.60% APR

Platform
charges i

1.50%

2.70% APR

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 i

Investee
occupation

Construction

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

No credit history available

 

Rang De confidence score

 i


B

Partner Rating i

B

Loan Profile i

B

Financial Profile i

B

Snehalaya

   
Maharashtra
Partner since 2020

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.

Rs 25,40,000

Disbursed

27

Investees

100.0%

Repayments

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
whatsapp_icon

3

3000

3

Total: ₹3000

Your Investees

Total Lives Impacted

0

Days of Livelihood

0