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Sachin

Mane

Service Entrepreneur

Ahmadnagar, Maharashtra

Borrower Image 1 Borrower Image 2 Borrower Image 3

Sachin

Mane

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

Service Entrepreneur

Maharashtra

1,00,000 loan is fully repaid

1,00,000 loan is fully repaid


About Sachin

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.

Interest Rate

The interest rate charged is split into returns for the social investor, fees for the impact partner and platform charges. Sachin Mane 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

24 months

Moratorium

None

Repayment
mode

EMI

Investee
occupation

Construction

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

88.0%

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