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Vimal

Bhosale

Food Entrepreneur

Solapur, Maharashtra

273 livelihood days

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Vimal

Bhosale

#pioneer#driven
Enable Vimal scale up her bustling mess to serve 80 more students

Food Entrepreneur

Maharashtra

273 potential days of livelihood

30,000 loan is fully repaid

30,000 loan is fully repaid


About Vimal

Vimal Bhosale currently runs a mess that serves food to 40 students in Wadala, Maharashtra. Now, determined Vimal wants to scale up her business to grow her income with the goal of being able to finance her children's weddings. She hopes to use credit to buy essential items for her business to better serve the students. She intends to buy a bulk of wheat flour to make the staple ‘rotis’ which are served daily at the mess. Ambitious Vimal has her mind set on expanding her mess, and her goal is to triple the output and be able to serve 120 students every day. Support Vimal fulfil her exciting business upgrade.

About Vimal Bhosale's livelihood

Vimal is a food entrepreneur who works 6 hours a day for 7 days a week. With this loan Vimal 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. Vimal Bhosale 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

30,000

Loan
tenure

18 months

Moratorium

None

Repayment
mode

EMI

Investee
occupation

Food store

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