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Sachin Mane

#ambitious#gogetter
Sachin wishes to have a house of his own.

Service Entrepreneur

Ahmadnagar, Maharashtra

1,00,000 has been disbursed Tranche : 0

74,999.98 is the current outstanding balance

100 0 0 25000 0 0

100%

0%

0%


Sachin lives with a family of four in a small house in Ahmednagar, Maharashtra. He is a small vendor and is the only provider for his family of four. His two kids, Yash and Radhika, are going to school and Sachin looks forward to providing them better education. Living in close spaces and packed houses, Sachin wishes better for his family. With the help of the loan provided he will be able to contribute to the construction of his own house. This will bring a new change in his life. Invest in Sachin as he builds on his dreams.

I want to build and expand my business by setting up a hotel of my own.
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

24 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

No credit history available

 

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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