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Radha Barade

#ambitious#zealous
Enable aspiring fashion designer Radha purchase a sewing machine

Retailpreneur

Solapur, Maharashtra

30,000 has been disbursed

273 potential days of livelihood i

17,500 is the current outstanding balance

41.67 41.67 16.67 12500 5000 12500

42%

17%

42%


Radha Barade is opening up the doors to opportunity by choosing a different path in the wake of challenges in traditional livelihood activities in Solapur. She has decided to expand output from her apparel store by seeking credit for the purchase of a sewing machine. Radha is passionate about tailoring and intends to use her skills to sew a collection of apparel that she can sell at her store. Her income supports her son Uday who is enrolled in school and her husband, Datta, a graduate who works in a private company. Radha hopes the income from her apparel store will enable her to better the quality of life for her family as she sets her sights on becoming a fashion designer. In addition, she hopes she will be able to build a concrete house for her family soon. Invest in Radha as she wins for her family.

I dream of becoming a renowned fashion designer in my village.

About Radha Barade's livelihood

Radha is a retailpreneur who works 6 hours a day for 7 days a week. With this loan Radha will potentially obtain employment for 273 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

30,000

Loan
tenure

12 months

Moratorium

None

Repayment
mode

EMI i

Investee
occupation

Apparel 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

 

A

Rang De confidence score

 i


B


Partner
Rating i

B

Loan
Profile i

A

Financial
Profile i

A

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

90%

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

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