false
false 0 0 FJ8ZWnuPc5

Lakshmibai

Sindagi

Food Entrepreneur

Solapur, Maharashtra

455 livelihood days

Borrower Image 1 Borrower Image 2 Borrower Image 3 Borrower Image 4

Lakshmibai

Sindagi

#enthusiastic#spirited
Support Lakshmibai grow her retail business to fuel her son's ambitions

Food Entrepreneur

Maharashtra

455 potential days of livelihood

50,000 loan is fully repaid

50,000 loan is fully repaid


About Lakshmibai

Lakshmibai Sindagi is seeking credit to uplift her nine-year-old food and condiments business. A hardworking mother to seventeen-year-old Anand, Lakshmibai works seven days a week for ten hours each day. Her dream is to see Anand become a chartered accountant when he grows up and she is determined to ensure that funding does not come in the way of Anand's ambitions. Hence, Lakshmibai is seeking credit to stock up her store. She plans to purchase flour and other common food supplies that are in constant demand in Solapur. Contribute to Lakshmibai's fund so she can finance her son's education.

About Lakshmibai Sindagi's livelihood

Lakshmibai is a food entrepreneur who works 10 hours a day for 7 days a week. With this loan Lakshmibai will potentially obtain employment for 455 days.

Interest Rate

The interest rate charged is split into returns for the social investor, fees for the impact partner and platform charges. Lakshmibai Sindagi 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

50,000

Loan
tenure

18 months

Moratorium

None

Repayment
mode

EMI

Investee
occupation

Food store

Investee Credit Rating:
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