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Laxmibai Avate

#resolute#spirited
Laxmibai is seeking credit to restock her food store in Solapur

Food Entrepreneur

Solapur, Maharashtra

50,000 has been disbursed

364 potential days of livelihood i

33,333.32 is the current outstanding balance

60 10 30 16667 8333 2778

60%

30%

10%


Laxmibai Avate hails from Solapur, Maharashtra. She has been running a food and condiment business for the last eight years. She now requires credit to restock her store with the essential food items to meet the needs of her community members. Laxmibai has taken a loan for a previous restock and has been responsibly managing all her repayments on time. She has already got her mind on her next step, which is to purchase a flour mill and sell flour to her customers. Laxmibai is a mother to two young girls, Pradnya and Diksha, and is determined to support their ambitions. She is committed to working hard to ensure that she has the financial security needed to support her family. Invest in Laxmibai’s journey today.

My dream is to see my daughters become engineers.

About Laxmibai Avate's livelihood

Laxmibai is a food entrepreneur who works 8 hours a day for 7 days a week. With this loan Laxmibai will potentially obtain employment for 364 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

5.0%

9.0% APR

Impact
Partner i

up to 5.0%

9.0% APR

Platform
charges i

0.0%

0.0% APR

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 i

Investee
occupation

Food store

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 1,16,60,500

Disbursed

394

Investees

98%

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 -520 days remaining

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