Ambadas lives in Ahmadnagar, Maharashtra with his family where he sells utensils. He started the construction of his house before Covid and due to the pandemic he couldn't finish the construction of his house. Currently, he is very close to finishing up the construction of his house and needs credit to meet the construction related expenses. This loan would support him and his family in owning a house. Invest in Ambadas today!
The interest rate charged is split into returns for the social investor, fees for the impact partner and platform charges. Ambadas Ganpat Atak 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
The following section provides a detailed view of the investee loan requirement.
Loan
amount
₹ 50,000
Loan
tenure
24 months
Moratorium
None
Repayment
mode
EMI
Investee
occupation
Non-agro products
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.
This partnership will enable 298 families of Sanjaynagar in Ahmednagar to become proud owners of their dream homes.
Rs 25,40,000
Disbursed
27
Investees
null%
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.
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