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Sunanda

Somashekar

Retailpreneur

Mysuru, Karnataka

364 livelihood days

Borrower Image 1 Borrower Image 2 Borrower Image 3 Borrower Image 4 Borrower Image 5

Sunanda

Somashekar

#zealous# persevering
Join hands to upgrade Sunanda Somashekar's retail store

Retailpreneur

Karnataka

364 potential days of livelihood

30,000 loan is fully repaid

30,000 loan is fully repaid


About Sunanda

Sunanda Somashekhar is a persevering woman. Her zeal is the secret to her bright smile and industrious nature. She's a bold woman looking to defy the odds by becoming a successful female entrepreneur in her village of Hosuru in Karnataka. Sunanada has made the brave decision of applying for a loan from Rang De to take a big step in upgrading her retail store. The loan will help her finance the purchases of detergent powder, snack items and other groceries which are very much in demand by local consumers. With a fully stocked store, Sunanda's prospects of growth with her business look not too far ahead.

About Sunanda Somashekar's livelihood

Sunanda is a retailpreneur who works 8 hours a day for 7 days a week. With this loan Sunanda will potentially obtain employment for 364 days.

Interest Rate

The interest rate charged is split into returns for the social investor, fees for the impact partner and platform charges. Sunanda Somashekar has consented to pay the interest as below:

Investee
pays

10.00% flat p.a.

18.00% APR

Social
Investor

5.00%

9.00% APR

Platform
charges

5.00%

9.00% APR

Loan Details

The following section provides a detailed view of the investee loan requirement.

Loan
amount

30,000

Loan
tenure

18 months

Moratorium

None

Repayment
mode

EMI

Investee
occupation

Retail store

Investee Credit Rating:
Very Good

Investee credit rating has been arrived at by our proprietary algorithm which factors in the following parameters: 1. Investee credit bureau scores 2. debt servicing ability

Co-curated and referred by our Impact Partner

Vild Foundation

   
Karnataka
Partner since 2019
Partner logo

About

VILD Foundation, along with its sister organisation Swami Vivekananda Youth Movement, has been working in various sectors of community development for the past 6 years. Formation and promotion of SHGs, microfinance and income generation activities have been part of their interventions for improving the socio-economic status of the communities. Presently they are operational in Mysore district, facilitating around 311 SHGs covering 90 villages & 6 towns. VILD has been working as a business correspondent for Nabfins since March -2015 & has been working with RangDe as a Impact partner since 2013.

Impact Narrative

Rang De loans are enabling street vendors, farmers and micro entrepreneurs in rural Mysore to build and grow their businesses.

Rupees Icon

Rs 14,35,000

Disbursed
User circle icon

85

Investees
Repayment icon

95.0%

Repayments
Left quotes

Rang De's concern towards excluded communities is reflected in the interest rates that are offered to the borrowers.

- N Mahadevswamy, Senior Manager, VILD
RIght quotes
whatsapp_icon

3

3000

3

Total: ₹3000

FUNDS

INDIVIDUALS