Babita needs to begin sowing for the Kharif season. She is from Orissa and lives with a family of five. The recent disruption due to the COVID-19 crisis has made it difficult for Babita to procure essential supplies. She is falling short of options and time is ticking. With the help of this loan, she will be able to buy all the essentials required and begin the season on time. This will help her to have a successful harvest and fulfil the needs of her family.
Babita is an agripreneur who works 7 hours a day for 7 days a week. With this loan Babita 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. Babita Kanade has consented to pay the interest as below:
Investee
pays
0.00% flat p.a.
0.00% APR
Social
Investor
0.00%
0.00% APR
Platform
charges
0.00%
0.00% APR
The following section provides a detailed view of the investee loan requirement.
Loan
amount
₹ 25,000
Loan
tenure
6 months
Moratorium
None
Repayment
mode
Flexible repayments
Investee
occupation
Farming
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.
Rang De has partnered with SSK to provide women leaders in the community with access to affordable and timely credit.
Rs 1,15,25,500
Disbursed
388
Investees
100.0%
Repayments
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.
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