false
false 0 0 mwJHxRhjhe

Vikas

Gawali

Service Entrepreneur

Ahmadnagar, Maharashtra

1,00,000 has been disbursed Tranche : 0

Borrower Image 1 Borrower Image 2 Borrower Image 3

Vikas

Gawali

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

Service Entrepreneur

Maharashtra

1,00,000 has been disbursed Tranche : 0

2,773.55 is
the current outstanding balance

100 0 0 0 97226 0 0 0

100%

0%

0%

0%


About Vikas

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.

Interest Rate

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

Investee
pays

5.50% flat p.a.

9.90% APR

Social
Investor

2.00%

3.60% APR

Platform
charges

3.50%

6.30% APR

Loan Details

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

Investee
occupation

Construction

Investee Credit Rating:
Excellent

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

Snehalaya

   
Maharashtra
Partner since 2020
Partner logo

About

Snehalaya works towards developing awareness and capabilities of individuals who have been deprived of their fundamental rights, as a result of the inequalities that exist in our society. The agency provides rescue, rights and rehabilitative services to the communities in most need. They are now working with Curry Stone Design Collaborative and Hunnarshala Foundation on a redevelopment program for the slums of Sanjaynagar in Ahmednagar.

Impact Narrative

This partnership will enable 298 families of Sanjaynagar in Ahmednagar to become proud owners of their dream homes.

Rupees Icon

Rs 25,40,000

Disbursed
User circle icon

27

Investees
Repayment icon

90.0%

Repayments
Left quotes

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
RIght quotes
whatsapp_icon

3

3000

3

Total: ₹3000

FUNDS

INDIVIDUALS