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Manda Shravan Adagale

#dedicated#singlemother
Manda wishes to build a house for her son and herself.

Service Entrepreneur

Ahmednagar, Maharashtra

1,00,000 has been disbursed Tranche : 0

83,333.32 is the current outstanding balance

100 0 0 16667 0 0

100%

0%

0%


Being working as housemaid for fifteen years, Manda now dreams to build a house of her own. Manda is a widow and the sole breadwinner of her small family. She is very close to having a house of her own. With this loan amount Manda will be able to contribute to finishing of the construction of her house. Help Manda today so that she can provide better housing facilities and a stable future for her son.

I want to remodel my house to make it a better home for my son.
The interest rate charged is split into returns for the social investor, fees for the impact partner and platform charges.

Investee
pays i

5.5% flat p.a.

9.9% APR

Social
Investor i

2.0%

3.6% APR

Impact
Partner i

up to 2.0%

3.6% APR

Platform
charges i

1.5%

2.7% APR

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

Loan
amount

1,00,000

Loan
tenure

36 months

Moratorium

None

Repayment
mode

EMI i

Investee
occupation

Construction

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

Snehalaya

Maharashtra
Partner since 2020

About

Snehalaya provides rescue, rights and rehabilitative services to communities who have been deprived of their fundamental rights. They are now working with Curry Stone Design Collaborative and Hunnarshala on a redevelopment program for the slums of Sanjaynagar in Ahmednagar.

Impact Narrative

This partnership will enable about 300 slum dwellers of Sanjaynagar to become proud owners of their dream homes.

Rs 9,20,000

Disbursed

12

Investees

100%

Repayments

At a time when most banks and micro-finance institutions turned the residents of Sanjaynagar away, our partnership with Rang De has enabled us to introduce our community members to formal sources of credit for the first time.

- Hanif Shaikh, Assistant Director- Education, Snehalaya

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