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Sunanda Somashekar

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

Retailpreneur

Mysuru, Karnataka

30,000 has been disbursed

364 potential days of livelihood i

13,333.3 is the current outstanding balance

71.43 7.14 21.43 16667 5000 1667

71%

21%

7%


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

10.0% flat p.a.

18.0% APR

Social
Investor i

5.0%

9.0% APR

Impact
Partner i

up to 5.0%

9.0% APR

Platform
charges i

0.0%

0.0% 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 has been working to improve the socio-economic status of communities through formation and promotion of SHGs, microcredit and facilitating income generation activities. Presently they facilitate around 311 SHGs covering 90 villages & 6 towns in Mysore district.

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

97%

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

0 more to go -599 days remaining

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