1
#RootforRangDe

Rang De is India’s first social lending platform where you can invest in people from low income households and earn nominal - moderate returns.

false 0 0

Shabana Shaikh

#determined#zealous
Invest in Shabana Shaikh's entrepreneurial venture

Retailpreneur

Solapur, Maharashtra

30,000 has been disbursed

195 potential days of livelihood i

7,500 is the current outstanding balance

90 0 10 22500 2500 0

90%

10%

0%


About Shabana Shaikh

Shabana Shaikh has an entrepreneurial dream. She has chosen to juggle motherhood and her business all at once. Her loan application is her first step towards uplifting her retail shop. She intends to purchase a new stock of bangles, jewelry and some stationery items for her customers. The growing economy topped with Shabana's enthusiasm means that the retail store is soon going to experience a flurry of customers. The additional income will mean Shabana can support her three school going children and her husband who works as a labourer. Fund this exciting venture and watch Shabana shape up into Solapur's most successful businesswoman.

My dream is to become a successful woman.

About Shabana Shaikh's livelihood

Shabana is a retailpreneur who works 6 hours a day for 5 days a week. With this loan Shabana will potentially obtain employment for 195 days.

Interest Rate
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

Loan Details

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

Retail store

Investee Credit Rating i :
Rang De Credit Rating A B C
What it means Low Risk Medium Risk High Risk

B

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

B

Co-curated and referred by our Impact Partner

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 1,17,05,500

Disbursed

393

Investees

100%

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

0 more to go -490 days remaining

added to cart