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Mahananda Chandrakant

Avate

Agripreneur

Solapur, Maharashtra

273 livelihood days

Borrower Image 1 Borrower Image 2 Borrower Image 3 Borrower Image 4 Borrower Image 5

Mahananda Chandrakant

Avate

#ambitious#hustler
Mahananda needs to begin the sowing season.

Agripreneur

Maharashtra

273 potential days of livelihood

45,000 loan is fully repaid

45,000 loan is fully repaid


About Mahananda Chandrakant

Mahananda is an experienced farmer. She has toiled on her farm for nine years. Mahananda lives with a family of five and agriculture brings in the income to sustain. There are times when the going gets tough but Mahananda never backs down. Due to a disruption in the supply chain, Mahananda finds it difficult to get essential supplies for beginning the new Rabi season. With this loan, she will be able to buy quality seeds and fertilizers to cultivate vegetables. It will also support her family through this crisis. Invest in Mahananda and help her tide through these trying times.

About Mahananda Chandrakant Avate's livelihood

Mahananda Chandrakant is an agripreneur who works 7 hours a day for 6 days a week. With this loan Mahananda Chandrakant will potentially obtain employment for 273 days.

Interest Rate

The interest rate charged is split into returns for the social investor, fees for the impact partner and platform charges. Mahananda Chandrakant Avate has consented to pay the interest as below:

Investee
pays

10.00% flat p.a.

18.00% APR

Social
Investor

4.00%

7.20% APR

Platform
charges

6.00%

10.80% APR

Loan Details

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

Loan
amount

45,000

Loan
tenure

18 months

Moratorium

None

Repayment
mode

EMI

Investee
occupation

Farming

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