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Vijaya

Mule

Retailpreneur

Osmanabad, Maharashtra

364 livelihood days

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Vijaya

Mule

#mumpreneur# spirited
Contribute to help Vijaya purchase a flour mill machine

Retailpreneur

Maharashtra

364 potential days of livelihood

30,000 loan is fully repaid

30,000 loan is fully repaid


About Vijaya

Hailing from Osmanabad is mumpreneur Vijaya Mule. She currently runs a retail store selling grocery items in the village. But in order to make ends meet, she now wants to expand the business and reduce her dependency on other flour mills. The purchase of a flour mill machine will be of great value allowing her to also increase the production of flour and hence increase the potential sales at the store. With the dream of one day running her own flour mill, funding Vijaya’s first big step will bring her closer to achieving her dream.

About Vijaya Mule's livelihood

Vijaya is a retailpreneur who works 8 hours a day for 7 days a week. With this loan Vijaya 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. Vijaya Mule 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

12 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

Sakhi Samudaya Kosh

   
Maharashtra
Partner since 2019
Partner logo

About

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.

Impact Narrative

Rang De has partnered with SSK to provide women leaders in the community with access to affordable and timely credit.

Rupees Icon

Rs 1,15,25,500

Disbursed
User circle icon

388

Investees
Repayment icon

100.0%

Repayments
Left quotes

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
RIght quotes
whatsapp_icon

3

3000

3

Total: ₹3000

FUNDS

INDIVIDUALS