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Shobha Umbare

#resilient#ambitious
Support Shobha cultivate a wider variety of vegetables on her farm

Agripreneur

Solapur, Maharashtra

40,000 has been disbursed

273 potential days of livelihood i

13,333.24 is the current outstanding balance

92.31 0 7.69 26667 2222 0

92%

8%

0%


Shobha Umbare is an industrious woman who works seven days a week on her small farm. Her income supports her two young daughters and husband Vishwanath, who works in a local company. Now, determined Shobha is looking forward to a bountiful harvest by cultivating more vegetables on her farm including brinjals, chillies and potatoes. By selling a wider variety of vegetables, Shobha hopes to be able to grow her monthly income and expand her farming business. Shobha wishes to protect her daughters from the uncertainty of her livelihood and dreams of seeing them enjoy a stable and rewarding career as doctors. She’s working hard to set aside some savings to fund their education. Invest in inspiring Shobha as she wins for her daughters.

I dream of seeing my daughters become doctors.

About Shobha Umbare's livelihood

Shobha is an agripreneur who works 6 hours a day for 7 days a week. With this loan Shobha 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

40,000

Loan
tenure

18 months

Moratorium

None

Repayment
mode

EMI i

Investee
occupation

Farming

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

A

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

0 more to go -589 days remaining

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