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#RootforRangDe

Rang De is India’s first social lending platform where you can invest in people from low income households and earn nominal - moderate returns.

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Farahana Shaikh

#spirited#gogetter
Contribute to help Farahana set up a bustling food stall

Food Entrepreneur

Solapur, Maharashtra

35,000 has been disbursed

227 potential days of livelihood i

8,760.03 is the current outstanding balance

89.97 0 10.03 26240 2927 0

90%

10%

0%


About Farahana Shaikh

Solapur, Maharshtra is soon going to be served some delicious food. The woman behind the magic is Farahana Shaikh. She's chasing entrepreneurial goals by deciding to set up an independent food stall. With this step, not only will she be able to support her family of five, but also be able to become the businesswoman she has always dreamed of becoming. Her next big goal is to open up a mess to serve food to community members in her village, and she hopes that the savings from the food stall will help her do this. Support hardworking Farahana and bring this budding entrepreneur’s dreams to life.

My dream is to see my child grow up to become a police officer.

About Farahana Shaikh's livelihood

Farahana is a food entrepreneur who works 5 hours a day for 7 days a week. With this loan Farahana will potentially obtain employment for 227 days.

Interest Rate
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

5.0%

9.0% APR

Impact
Partner i

up to 5.0%

9.0% APR

Platform
charges i

0.0%

0.0% APR

Loan Details

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

Loan
amount

35,000

Loan
tenure

12 months

Moratorium

None

Repayment
mode

EMI i

Investee
occupation

Food store

Investee Credit Rating i :
Rang De Credit Rating A B C
What it means Low Risk Medium Risk High Risk

B

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

A

Financial
Profile i

B

Co-curated and referred by our Impact Partner

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 1,17,05,500

Disbursed

393

Investees

100%

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 -493 days remaining

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