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Surekha Sathe

#achiever#growth
Surekha needs credit to build a new house for her family.

Domestic Worker

Ahmadnagar, Maharashtra

90,000 has been disbursed Tranche : 0

87,500 is the current outstanding balance

100 0 0 2500 0 0

100%

0%

0%


Sureka has been a domestic worker for over sixteen years in Ahmadnagar, Maharashtra, where she lives with her family. They have been saving whatever little they could towards their dream home. With their savings and the loan amount they could make their dream come true. They have been wishing to provide a bright future for their children and this is their first step towards it. Invest in Surekha now!

I wish to provide my children with a better future and a great education.
The interest rate charged is split into returns for the social investor, fees for the impact partner and platform charges.

Investee
pays i

5.5% flat p.a.

9.9% APR

Social
Investor i

2.0%

3.6% APR

Impact
Partner i

up to 2.0%

3.6% APR

Platform
charges i

1.5%

2.7% 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

Domestic worker

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 provides rescue, rights and rehabilitative services to communities who have been deprived of their fundamental rights. They are now working with Community Design Agency (Curry Stone Design Collaborative) on a redevelopment program for the slum 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 18,65,000

Disbursed

22

Investees

100%

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

0 more to go -23 days remaining

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