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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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Suvarna Gosavi

#skilled#creative
Invest in Suvarna, a skilled weaver winning for her five daughters

Creative Entrepreneur

Solapur, Maharashtra

35,000 has been disbursed

273 potential days of livelihood i

27,222.2 is the current outstanding balance

66.67 0 33.33 7778 3889 0

67%

33%

0%


About Suvarna Gosavi

Suvarna Gosavi is a household name in her village. She is known to work relentlessly to support her five daughters so each of them is well educated. Her oldest daughter Bhuvaneshwari is only eight years old while the youngest among the five, Ishwari, is only eighteen months. A skilled weaver, Suvarna is determined to provide for her five daughters. Her husband Bhagavan also makes an income out of belt making using the 'shilai machine'. Now, Suvarana is seeking credit to buy rolls of thread for weaving. She hopes that by growing her income, she will soon be able to buy an additional weaving machine. Furthermore, she hopes to save enough money to ensure that she can get all five of her daughters happily married. Support dexterous Suvarna today as she wins for her family.

My dream is to educate all five of my daughters.

About Suvarna Gosavi's livelihood

Suvarna is a creative entrepreneur who works 6 hours a day for 7 days a week. With this loan Suvarna 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

35,000

Loan
tenure

18 months

Moratorium

None

Repayment
mode

EMI i

Investee
occupation

Handicrafts

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 1,15,52,500

Disbursed

389

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 -369 days remaining

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