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#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.

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Shridevi Umade

#independent#selfless
Invest in the working capital requirements of Shridevi’s apparel store

Retailpreneur

Solapur, Maharashtra

40,000 has been disbursed

273 potential days of livelihood i

26,666.62 is the current outstanding balance

100 0 0 13333 0 0

100%

0%

0%


About Shridevi Umade

Shridevi Umade is a single mother and businesswoman from Solapur, Maharashtra. She has single-handedly managed to fund the higher education of her only son Pravin Umade who is a proud graduate. For the last five years, Shridevi has been running an apparel store in her community. With the support of our impact partner SSK, she has been able to successfully scale this store to a stable position. She is now seeking credit to purchase new fabrics and garments for the store. With these purchases, she hopes to have a profitable business season. Shridevi has plans to open up a second store close to her home and is working hard to save up some funds to finance this expansion. Her dream is to be able to construct a new home that she can leave behind for her son. Invest in Shridevi’s working capital needs and support her selfless journey.

My dream is to construct a house for my son.

About Shridevi Umade's livelihood

Shridevi is a retailpreneur who works 6 hours a day for 7 days a week. With this loan Shridevi will potentially obtain employment for 273 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

40,000

Loan
tenure

18 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

B

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 -382 days remaining

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