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Amiya

Devi

Agripreneur

Pali, Rajasthan

234 livelihood days

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Amiya

Devi

#passionate#hustler
Support Amiya to get a tubewell and a drip irrigation system for her farm.

Agripreneur

Rajasthan

234 potential days of livelihood

1,00,000 loan is fully repaid

1,00,000 loan is fully repaid


About Amiya

Amiya Devi is a hard-working woman, who has been farming for almost a decade now. She lives in Pali, a district of Rajasthan, which has fertile soil and is endowed with a slow-paced life. Amiya works on her farmland. The farmland is not irrigated and the only source of irrigation is the well. However, since the land is at a higher altitude and there is no proper road reaching it, the transportation of water becomes a tedious task. Many times she ran out of water during the peak summer months and had to use the well water which is not suitable for agriculture. In order to overcome this issue and ensure water supply throughout the year, Amiya has applied for a loan to get a tubewell and a drip irrigation system. This will help her to cultivate her land with ease and enhance the yield. Invest in her now!

About Amiya Devi's livelihood

Amiya is an agripreneur who works 6 hours a day for 6 days a week. With this loan Amiya will potentially obtain employment for 234 days.

Interest Rate

The interest rate charged is split into returns for the social investor, fees for the impact partner and platform charges. Amiya Devi 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

Loan Details

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

Loan
amount

1,00,000

Loan
tenure

18 months

Moratorium

None

Repayment
mode

EMI

Investee
occupation

Farming

Investee Credit Rating:
Adequate

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

Ghoomar Mahila Samiti
   
Partner logo

Established in

2015

With Rang De from

2020

Founded by

SAGI BAI

Registered under the societies registration act on 2nd February 2015, the federation comprises 4000 women. The federation works with the tribal communities of Rajasthan. The main source of income for the communities here is agriculture, stone-cutting and daily wage labour. With a strong presence of moneylenders charging exorbitant rates of interest, these communities have no other choice but to borrow at these rates to keep their business going. Ghoomar has been working tirelessly with these communities to help them build their livelihoods in a more sustainable manner by providing them with access to low cost credit and supporting their livelihood activities.

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3

3000

3

Total: ₹3000

FUNDS

INDIVIDUALS