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Laxmibai

Avate

Food Entrepreneur

Solapur, Maharashtra

364 livelihood days

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

Laxmibai

Avate

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

Food Entrepreneur

Maharashtra

364 potential days of livelihood

50,000 loan is fully repaid

50,000 loan is fully repaid


About Laxmibai

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.

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.

Interest Rate

The interest rate charged is split into returns for the social investor, fees for the impact partner and platform charges. Laxmibai Avate 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:
Very 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