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#RootforRangDe

Rang De is India’s first social lending platform where you can invest in people from low income households and earn nominal - moderate returns.

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Vanita Kakde

#provider#positive
Vanita is looking forward to building her apparels business with this credit.

Retailpreneur

Beed, Maharashtra

25,000 has been disbursed

409 potential days of livelihood i

22,222.22 is the current outstanding balance

100 0 0 2778 0 0

100%

0%

0%


About Vanita Kakde

Vanita is an apparel store owner from Beed, Maharashtra. She has had fifteen 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 saree collection and renovate the store to attract more customers. She will use this credit to avail a bigger collection and variety of sarees. These are stepping stones to fulfilling her dreams of spreading the brand across her state.

I wish to provide a good future for my children.

About Vanita Kakde's livelihood

Vanita is a retailpreneur who works 9 hours a day for 7 days a week. With this loan Vanita will potentially obtain employment for 409 days.

Interest Rate
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

Loan Details

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

Loan
amount

25,000

Loan
tenure

18 months

Moratorium

None

Repayment
mode

EMI i

Investee
occupation

Apparel store

Investee Credit Rating i :
Rang De Credit Rating A B C
What it means Low Risk Medium Risk High Risk

B

The rating is derived from the following data points.

Credit
bureau
score i

 

A

Rang De confidence score

 i


B


Partner
Rating i

B

Loan
Profile i

A

Financial
Profile i

B

Co-curated and referred by our Impact Partner
Navchetana Sarvagin Vikas Kendra

Established in

2008

With Rang De from

2020

Founded by

Manisha Ghule

Navchetana Sarvangin Vikas Kendra (NSVK) works with the most marginalised communities of Marathwada, Maharashtra to empower them socially and economically. Navchetna strives to transform unjust structures of the society from the grassroots, and build harmonious and self-sufficient communities for people from various religions, languages, and cultures.

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