Anti Bai is a resident of the Pali district. Bai has been farming for the last fifteen years. With the onset of a new farming season, she needs to set up an irrigation facility on her farm. This will help to cultivate more. With the help of this loan, she will be able to purchase cables and motors and get a tubewell dug. Anti is confident that with her increased income, she will be able to pay off the loan soon and expand her business. Support her and her family now!
Anti is an agripreneur who works 5 hours a day for 7 days a week. With this loan Anti will potentially obtain employment for 227 days.
The interest rate charged is split into returns for the social investor, fees for the impact partner and platform charges.
Investee
pays
10.00% flat p.a.
18.00% APR
Social
Investor
4.00%
7.20% APR
Impact
Partner
up to 4.00%
7.20% APR
Platform
charges
2.00%
3.60% APR
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
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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