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Gavali Pradip

Ram

Domestic Worker

Ahmednagar, Maharashtra

1,00,000 loan needed Tranche : 0

Borrower Image 1 Borrower Image 2 Borrower Image 3

Gavali Pradip

Ram

#victorious# ambitious
Gavali Pradip needs support to construct his house.

Domestic Worker

Maharashtra

1,00,000 loan needed Tranche : 0

Gavali Pradip Ram's loan is cancelled and investments shall be reverted.


About Gavali Pradip

Gavali Pradip lives in Ahmednagar, Maharashtra and works hard to provide for himself. He started constructing his house, however, due to the pandemic, it had got delayed. At present, he is very close to completing the construction of his house. He needs credit to complete the construction of his house and finish the final tasks like painting and installing fixings. Support Gavali Pradip as he brings his dream of owning a house into reality. Invest in him today!

Interest Rate

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

Investee
pays

5.50% flat p.a.

9.90% APR

Social
Investor

2.00%

3.60% APR

Platform
charges

3.50%

6.30% APR

Loan Details

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

Investee
occupation

Domestic worker

Investee Credit Rating:
Excellent

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

Snehalaya

   
Maharashtra
Partner since 2020
Partner logo

About

Snehalaya works towards developing awareness and capabilities of individuals who have been deprived of their fundamental rights, as a result of the inequalities that exist in our society. The agency provides rescue, rights and rehabilitative services to the communities in most need. They are now working with Curry Stone Design Collaborative and Hunnarshala Foundation on a redevelopment program for the slums of Sanjaynagar in Ahmednagar.

Impact Narrative

This partnership will enable 298 families of Sanjaynagar in Ahmednagar to become proud owners of their dream homes.

Rupees Icon

Rs 25,40,000

Disbursed
User circle icon

27

Investees
Repayment icon

89.0%

Repayments
Left quotes

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
RIght quotes
whatsapp_icon

3

3000

3

Total: ₹3000

FUNDS

INDIVIDUALS