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Babita Kore

#provider#resilient
Babita needs credit to expand her flour mill.

Food Entrepreneur

Solapur, Maharashtra

45,000 has been disbursed

273 potential days of livelihood i

45,000 is the current outstanding balance

0 57.14 42.86 0 7500 10000

0%

43%

57%


Babita lives in Solapur, Maharashtra where she is an entrepreneur. She receives income from running a small flour mill. She is looking to expand this business so that she can enhance her livelihood. The credit will help her purchase a new machine for her mill. She also wishes to purchase a noodle making machine with the loan to expand her business during the upcoming festive season. Invest in Babita's ambitions of expanding her business.

I wish to give a good future for my children.

About Babita Kore's livelihood

Babita is a food entrepreneur who works 7 hours a day for 6 days a week. With this loan Babita will potentially obtain employment for 273 days.

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

The following section provides a detailed view of the investee loan requirement.

Loan
amount

45,000

Loan
tenure

18 months

Moratorium

None

Repayment
mode

EMI i

Investee
occupation

Food stall

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

 

A

Rang De confidence score

 i


B


Partner
Rating i

B

Loan
Profile i

B

Financial
Profile i

B

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 1,15,70,500

Disbursed

389

Investees

89%

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 -191 days remaining

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