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

Shahida Mulani

#pioneer#spirited
Shahida Mulani is weaving herself a bright and vibrant business

Retailpreneur

Solapur, Maharashtra

30,000 has been disbursed

156 potential days of livelihood i

10,000 is the current outstanding balance

80 0 20 20000 5000 0

80%

20%

0%


About Shahida Mulani

Mother of three, Shahida Mulani has a vibrant dream. She wants to start a sari business to sell the six yards of elegance to her neighbors in Solapur. Shahida is seeking credit in order to launch this exciting project. This big step is also making her financially literate, and increasing her familiarity with digital transactions. The funds will be used to buy a pico fall machine and it's motor, integral equipment for her sari business. Finance Shahida’s tailoring venture as it propels towards success.

I dream of expanding my sari business.

About Shahida Mulani's livelihood

Shahida is a retailpreneur who works 4 hours a day for 6 days a week. With this loan Shahida will potentially obtain employment for 156 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

Apparel 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

A

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 -482 days remaining

added to cart