Arjun Kumar is a hardworking man who has a small fisheries unit and it is the major source of income for his family. It's been just one year since he started it and is looking to expand his business further. His current livelihood is not sufficient enough to support his family's daily needs and he wishes to use the loan for buying fish seeds for his unit. Be a part of Arjun's success story and support him expand his business further.
Arjun is a solopreneur who works 5 hours a day for 7 days a week. With this loan Arjun 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. Arjun Kumar has consented to pay the interest as below:
Investee
pays
8.00% flat p.a.
14.40% APR
Social
Investor
8.00%
14.40% APR
Platform
charges
0.00%
0.00% APR
The following section provides a detailed view of the investee loan requirement.
Loan
amount
₹ 20,000
Loan
tenure
12 months
Moratorium
None
Repayment
mode
EMI
Investee
occupation
Fisheries
Established in
2020
With Rang De from
2022
Founded by
Neelkanth Mishra
Jaljeevika is addressing the issue of small-scale fish farmers, building community resilience and capacity to enhance livelihood opportunities using existing water bodies, technology and leveraging institutions. They work through an ecosystem development model to build skill, develop institutional capacity and empower smallholders to interact with the market using the technology platform. They are facilitating the process in collaboration with various stakeholders to establish a knowledge forum to establish Blue Economy. For detail , visit their website www.jaljeevika.org
Share Arjun's profile
Invite your family and friends to view Arjun's profile on Rang De
