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Sulochana Charate

#mumprenuer#hardworking
Sulochana needs credit to expand her apparel business.

Retailpreneur

Solapur, Maharashtra

40,000 has been disbursed

364 potential days of livelihood i

24,444.39 is the current outstanding balance

63.64 9.09 27.27 15556 6667 2222

64%

27%

9%


Sulochana is an apparel store owner from Solapur, Maharashtra. She has had 12 years of experience in this business and is now looking to expand her business. She intends to use this opportunity to gain stronger market presence, by expanding her collection and renovate the store to attract more customers. She will use this credit to avail better transportation and security facilities as well. These are stepping stones to fulfilling her dreams of spreading the brand across her state.

I wish to give higher education to my children.

About Sulochana Charate's livelihood

Sulochana is a retailpreneur who works 8 hours a day for 7 days a week. With this loan Sulochana will potentially obtain employment for 364 days.

The interest rate charged is split into returns for the social investor, fees for the impact partner and platform charges.

Investee
pays i

10.0% flat p.a.

18.0% APR

Social
Investor i

4.0%

7.2% APR

Impact
Partner i

up to 4.0%

7.2% APR

Platform
charges i

2.0%

3.6% APR

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

Loan
amount

40,000

Loan
tenure

18 months

Moratorium

None

Repayment
mode

EMI i

Investee
occupation

Apparel store

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

A

Sakhi Samudaya Kosh

Maharashtra
Partner since 2019

About

SSK works to enable alternative entrepreneurship among agrarian communities in drought-prone areas of Maharashtra. They train women and girls belonging to low income households in entrepreneurship, financial and digital literacy, leadership and business development, and also provide access to credit, technology and markets.

Impact Narrative

Rang De has partnered with SSK to provide women leaders in the community with access to affordable and timely credit.

Rs 1,15,70,500

Disbursed

389

Investees

89%

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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