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Sangita Korke

#ambitious#striving
Support Sangita restock flour and purchase equipment for her food store

Food Entrepreneur

Solapur, Maharashtra

50,000 has been disbursed

273 potential days of livelihood i

27,777.76 is the current outstanding balance

61.54 15.38 23.08 22222 8333 5556

62%

23%

15%


Sangita Korke is an entrepreneur from Solapur, determined to grow her five-year-old food store. She is seeking credit to buy Atta (flour) and a chilli grinding machine, to produce chilli powder in-store for her customers. Chilli powder is an essential item in her store, that is high in demand, and she is hoping that producing it in-store will help her cut down on costs and increase her revenue. This is just the start of her plans to run a more self-sustained business. She is working towards launching a mill to grind masalas and flour. Sangita is also a mother of three sons, all enrolled in school. She hopes that establishing a successful business will enable her to meet their growing needs. Support ambitious Sangita today.

I dream of establishing a flour mill.

About Sangita Korke's livelihood

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

50,000

Loan
tenure

18 months

Moratorium

None

Repayment
mode

EMI i

Investee
occupation

Food 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

B

Financial
Profile i

B

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

89%

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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