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Manisha

Lohar

Service Entrepreneur

Solapur, Maharashtra

273 livelihood days

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Manisha

Lohar

#spirited#tireless
Invest in Manisha as she purchases a welding machine for her repair shop

Service Entrepreneur

Maharashtra

273 potential days of livelihood

40,000 loan is fully repaid

40,000 loan is fully repaid


About Manisha

Mumpreneur Manisha Lohar is securing a sound future for her daughter Rajnandini. She's aware of the growing uncertainty in traditional agricultural livelihood activities in Solapur and is hoping to empower her daughter by setting a good example. Her dream is to see Rajnandini become a doctor so she can earn a good income and enjoy a bright future. Manisha currently owns a small repair shop which she runs with her husband. She is now seeking credit to buy a welding machine so her husband Rajanikant can carry out welding repairs. This addition to the toolbox will enable Manisha to cater to more repair work and increase the revenue from her business. It will also help her save up towards opening a second repair shop in the near future. Support Manisha as she grows her business to lay the foundation for her daughter to enjoy a secure future.

About Manisha Lohar's livelihood

Manisha is a service entrepreneur who works 6 hours a day for 7 days a week. With this loan Manisha 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. Manisha Lohar 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

40,000

Loan
tenure

18 months

Moratorium

None

Repayment
mode

EMI

Investee
occupation

Repair works

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