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Ashok Solanki

#persevering#ambitious
Ashok wishes to hold his harvest as they prepare for the upcoming sowing season.

Agripreneur

Ratlam, Madhya Pradesh

48,600 Loan is fully repaid

318 potential days of livelihood i


Ashok has been farming for over twelve years. Throughout this journey, he has faced many ups and downs. With sheer perseverance and determination, he has overcome them all. Recently the COVID crisis has brought challenges that has put the farming community into a peril like never before. Ashok lives in Ratlam, Madhya Pradesh with a family of six and needs cash immediately to meet the needs of the upcoming sowing season. With the supply chains disrupted, he has not been able to sell his products at a fair price. To avoid distress selling of the crops, he is holding the crops at an FPO. The loan amount will help him with the much-needed cash flow to meet his input needs for the Kharif season and to tide through until things get better.

I wish to provide my children with a good education.

About Ashok Solanki's livelihood

Ashok is an agripreneur who works 7 hours a day for 7 days a week. With this loan Ashok will potentially obtain employment for 318 days.

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

Investee
pays i

0.0% flat p.a.

0.0% APR

Social
Investor i

0.0%

0.0% APR

Impact
Partner i

up to 0.0%

0.0% APR

Platform
charges i

0.0%

0.0% APR

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

Loan
amount

48,600

Loan
tenure

9 months

Moratorium

None

Repayment
mode

Flexible repayments i

Investee
occupation

Farming

i :

B

Rang De Credit Rating A B C
What it means Low Risk Medium Risk High Risk

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

B

Financial
Profile i

B

Action for Social Advancement

Madhya Pradesh
Partner since 2020

About

ASA works on leveraging the participatory action of the community to bring about positive developmental changes. While they extensively support agriculture and allied activities like small agri businesses, they also work in the field of watershed management and irrigation development.

Impact Narrative

Rang De's interest free loans have been designed to enable small and marginal farmers to access storage for their produce and to meet their expenses for the Kharif season.

Rs 65,72,900

Disbursed

175

Investees

100%

Repayments

During a time of disruption and distress caused by the Covid-19 pandemic, Rang De's loans have been accessible, affordable and above all, timely.

- Ashis Mondal, Director, ASA

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