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Dipak Navnath Adagle

#dedicated# hardworking
Dipak wishes to build a house of his dreams.

Service Entrepreneur

Ahmednagar, Maharashtra

70,000 has been disbursed Tranche : 0

58,333.3 is the current outstanding balance

100 0 0 11667 0 0

100%

0%

0%


Dipak, a dedicated father of two wants to provide them with a better housing facilities. He lives in the Sanjaynagar slum, in Ahemadnagar, with his small family and is the sole breadwinner of the house. Dipak has an experience of five years in the construction industry and with this loan amount he wishes to contribute to the construction of his own house. With dreams of providing good education for his children while securing a well-paid job for himself, having a house of his own would mean, one less thing to worry about. Help Dipak fulfil his dreams by investing in him today.

I wish to own a two wheeler in the future.
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

70,000

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 9,20,000

Disbursed

10

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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