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Mallama Basargi

#pioneer#resilient
Power Mallama's retail store enhancement so she can support her son’s aspirations

Food Entrepreneur

Solapur, Maharashtra

50,000 has been disbursed

455 potential days of livelihood i

38,888.88 is the current outstanding balance

26.67 53.33 20 11111 8333 22222

27%

20%

53%


Mum of two, Mallama, is not new to the world of business. She has a decade of experience running her food and condiments business and now wants to take a leap forward so she can support the growing needs of her family. Mallama is hoping to utilize the loan to restock her shop with essentials such as rice and other food items so she can cater to the needs of her customers. This is just the first step in her long term plan to make trade ties with other businesses and customers outside of Solapur. She hopes this will enable her magnify her financial returns and make good savings. In the end, humble Mallama wants to see her sons become successful entrepreneurs so they too can support the family.

My dream is to see my sons become independent businessmen.

About Mallama Basargi 's livelihood

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

 

B

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 1,15,70,500

Disbursed

389

Investees

89%

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 -659 days remaining

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