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Muktabai

Bhosale

Food Entrepreneur

Solapur, Maharashtra

273 livelihood days

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Muktabai

Bhosale

#tireless#gogetter
Enable Muktabai grow her business before handing it over to her son

Food Entrepreneur

Maharashtra

273 potential days of livelihood

35,000 loan is fully repaid

35,000 loan is fully repaid


About Muktabai

Muktabai Bhosale's mill is a household name in Solapur, Maharashtra. She currently makes an income by grinding flour and chilli at her mill to sell to customers. Now, with a growing demand for noodles in her community, Muktabai is seeking credit to purchase a noodle making machine, so she can sell this Indo-Chinese delight at her store. This is just the first step in her plans for growth. She has already got her mind set on her next investment - a papad making machine. Muktabai is doing her best to grow her business with the plan to hand it over to her son, Rahul, when he is ready. She has also ensured that he gets a good education so that he is prepared to make the most of this venture. Support mumpreneur Muktabai Bhosale on her selfless venture today.

About Muktabai Bhosale's livelihood

Muktabai is a food entrepreneur who works 6 hours a day for 7 days a week. With this loan Muktabai 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. Muktabai Bhosale 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

35,000

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

null%

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