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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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Vijayalaxmi Vishwanath Waghmare

#growth#provider
Vijayalaxmi needs to begin the sowing season.

Agripreneur

Solapur, Maharashtra

30,000 has been disbursed

273 potential days of livelihood i

26,666.66 is the current outstanding balance

100 0 0 3333 0 0

100%

0%

0%


About Vijayalaxmi Vishwanath Waghmare

Vijayalaxmi has been farming her land for over nine years now. She is from Solapur, Maharashtra, and feeds a family of six. Her experiences have taught her many lessons. She is strong and hopeful at the sight of peril. Currently, she is struggling to meet her credit needs. She has to make arrangements for seeds and fertilizers to begin the new Rabi season. The sowing of seeds at the right time is essential. She needs to do drip irrigation in her farmland. This loan will help her subsist and meet the expenses of all her requirements. With the profits from her farm, Vijayalakshmi wishes to put it into a hotel business to diversify her income. Invest in her will to thrive.

I wish to give a good education to my children.

About Vijayalaxmi Vishwanath Waghmare's livelihood

Vijayalaxmi Vishwanath is an agripreneur who works 7 hours a day for 6 days a week. With this loan Vijayalaxmi Vishwanath 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.

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

30,000

Loan
tenure

18 months

Moratorium

None

Repayment
mode

EMI i

Investee
occupation

Farming

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

A

Co-curated and referred by our Impact Partner

Sakhi Samudaya Kosh

Maharashtra
Partner since 2019

About

SSK works to enable alternative entrepreneurship among agrarian communities in drought-prone areas of Maharashtra. They train women and girls belonging to low income households in entrepreneurship, financial and digital literacy, leadership and business development, and also provide access to credit, technology and markets.

Impact Narrative

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

Rs 1,15,52,500

Disbursed

389

Investees

100%

Repayments

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

0 more to go -58 days remaining

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