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Vikas Gawali

#leader# rolemodel
Vikas needs loan to finish the construction of his house.

Service Entrepreneur

Ahmadnagar, Maharashtra

1,00,000 has been disbursed Tranche : 0

97,222.22 is the current outstanding balance

100 0 0 2778 0 0

100%

0%

0%


Vikas lives in Ahmadnagar, Maharashtra and is the bread winner of his family. He works in the sanitation department. He had started the construction of his house before Covid but the pandemic delayed his plans. He is currently very close to owning a house and needs credit to meet construction related expenses. Invest in Vikas today so that he and his family can have their dream house.

I wish to own a car someday.
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

1,00,000

Loan
tenure

36 months

Moratorium

None

Repayment
mode

EMI i

Investee
occupation

Construction

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

A

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 Curry Stone Design Collaborative and Hunnarshala on a redevelopment program for the slums of Sanjaynagar in Ahmednagar.

Impact Narrative

This partnership will enable about 300 slum dwellers of Sanjaynagar to become proud owners of their dream homes.

Rs 10,20,000

Disbursed

14

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

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