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Suvarna

Gosavi

Creative Entrepreneur

Solapur, Maharashtra

273 livelihood days

Borrower Image 1 Borrower Image 2 Borrower Image 3 Borrower Image 4

Suvarna

Gosavi

#skilled#creative
Invest in Suvarna, a skilled weaver winning for her five daughters

Creative Entrepreneur

Maharashtra

273 potential days of livelihood

35,000 loan is fully repaid

35,000 loan is fully repaid


About Suvarna

Suvarna Gosavi is a household name in her village. She is known to work relentlessly to support her five daughters so each of them is well educated. Her oldest daughter Bhuvaneshwari is only eight years old while the youngest among the five, Ishwari, is only eighteen months. A skilled weaver, Suvarna is determined to provide for her five daughters. Her husband Bhagavan also makes an income out of belt making using the 'shilai machine'. Now, Suvarana is seeking credit to buy rolls of thread for weaving. She hopes that by growing her income, she will soon be able to buy an additional weaving machine. Furthermore, she hopes to save enough money to ensure that she can get all five of her daughters happily married. Support dexterous Suvarna today as she wins for her family.

About Suvarna Gosavi's livelihood

Suvarna is a creative entrepreneur who works 6 hours a day for 7 days a week. With this loan Suvarna will potentially obtain employment for 273 days.

Interest Rate

The interest rate charged is split into returns for the social investor, fees for the impact partner and platform charges. Suvarna Gosavi has consented to pay the interest as below:

Investee
pays

10.00% flat p.a.

18.00% APR

Social
Investor

5.00%

9.00% APR

Platform
charges

5.00%

9.00% APR

Loan Details

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

Loan
amount

35,000

Loan
tenure

18 months

Moratorium

None

Repayment
mode

EMI

Investee
occupation

Handicrafts

Investee Credit Rating:
Very Good

Investee credit rating has been arrived at by our proprietary algorithm which factors in the following parameters: 1. Investee credit bureau scores 2. debt servicing ability

Co-curated and referred by our Impact Partner

Sakhi Samudaya Kosh

   
Maharashtra
Partner since 2019
Partner logo

About

SSK was established by Swayam Shikshan Prayog (SSP), a development organization in the year 2006. Sakhi Samudaya Kosh works to provide socially relevant financial services for rural women and their communities in order to reduce poverty and improve quality of life. Their main objective is to seed the idea of entrepreneurship among local communities and 'create community influencers' for women and girls.

Impact Narrative

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

Rupees Icon

Rs 1,15,25,500

Disbursed
User circle icon

388

Investees
Repayment icon

100.0%

Repayments
Left quotes

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
RIght quotes
whatsapp_icon

3

3000

3

Total: ₹3000

FUNDS

INDIVIDUALS