Shridevi is an entrepreneur. She owns a sweet stall in Nawada, Bihar. The revenue from this business serves as an income for this family of four. Shridevi wishes to expand her food business and is seeking credit to purchase raw materials for the same. Help Shridevi improve her family income by making her dreams come true.
Shridevi is a food entrepreneur who works 10 hours a day for 7 days a week. With this loan Shridevi will potentially obtain employment for 455 days.
The interest rate charged is split into returns for the social investor, fees for the impact partner and platform charges. Shridevi Santosh Dhapale has consented to pay the interest as below:
Investee
pays
10.00% flat p.a.
18.00% APR
Social
Investor
4.00%
7.20% APR
Platform
charges
6.00%
10.80% 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
Investee
occupation
Food stall
SSK was established by Swayam Shikshan Prayog (SSP), a development organization in the year 2006. Sakhi Samudaya Kosh works to provide socially relevant financial services for rural women and their communities in order to reduce poverty and improve quality of life. Their main objective is to seed the idea of entrepreneurship among local communities and 'create community influencers' for women and girls.
Rang De has partnered with SSK to provide women leaders in the community with access to affordable and timely credit.
Rs 1,15,25,500
Disbursed
388
Investees
100.0%
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.
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