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Sunanda

Somashekar

logoRetailpreneur

logo Mysuru, Karnataka

logo 364 livelihood days i

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

Sunanda

Somashekar

#zealous# persevering
Join hands to upgrade Sunanda Somashekar's retail store

logoRetailpreneur

logo Mysuru, Karnataka

logo 364 potential days of livelihood i

30,000 loan is fully repaid

30,000 loan is fully repaid


Sunanda Somashekhar is a persevering woman. Her zeal is the secret to her bright smile and industrious nature. She's a bold woman looking to defy the odds by becoming a successful female entrepreneur in her village of Hosuru in Karnataka. Sunanada has made the brave decision of applying for a loan from Rang De to take a big step in upgrading her retail store. The loan will help her finance the purchases of detergent powder, snack items and other groceries which are very much in demand by local consumers. With a fully stocked store, Sunanda's prospects of growth with her business look not too far ahead.

I dream of one day seeing my son get married.

About Sunanda Somashekar's livelihood

Sunanda is a retailpreneur who works 8 hours a day for 7 days a week. With this loan Sunanda 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

10.00% flat p.a.

18.00% APR

Social
Investor i

5.00%

9.00% APR

Impact
Partner i

up to 5.00%

9.00% APR

Platform
charges i

0.00%

0.00% APR

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

Loan
amount

30,000

Loan
tenure

18 months

Moratorium

None

Repayment
mode

EMI i

Investee
occupation

Retail 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

 

B

Rang De confidence score

 i


B

Partner Rating i

B

Loan Profile i

A

Financial Profile i

B

Vild Foundation

   
Karnataka
Partner since 2019

About

VILD Foundation, along with its sister organisation Swami Vivekananda Youth Movement, has been working in various sectors of community development for the past 6 years. Formation and promotion of SHGs, microfinance and income generation activities have been part of their interventions for improving the socio-economic status of the communities. Presently they are operational in Mysore district, facilitating around 311 SHGs covering 90 villages & 6 towns. VILD has been working as a business correspondent for Nabfins since March -2015 & has been working with RangDe as a Impact partner since 2013.

Impact Narrative

Rang De loans are enabling street vendors, farmers and micro entrepreneurs in rural Mysore to build and grow their businesses.

Rs 14,35,000

Disbursed

85

Investees

95.0%

Repayments

Rang De's concern towards excluded communities is reflected in the interest rates that are offered to the borrowers.

- N Mahadevswamy, Senior Manager, VILD
whatsapp_icon

3

3000

3

Total: ₹3000

Your Investees

Total Lives Impacted

0

Days of Livelihood

0