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Babli

Bai

Agripreneur

Pali, Rajasthan

195 livelihood days

Borrower Image 1 Borrower Image 2 Borrower Image 3

Babli

Bai

#breadwinner#hardworking
Babli Bai needs to make arrangements for the upcoming season.

Agripreneur

Rajasthan

195 potential days of livelihood

40,000 loan is fully repaid

40,000 loan is fully repaid


About Babli

Babli Bai lives in the village of Pali in the district of Seoni in Madhya Pradesh. With 5 family members, Babli is a woman who knows the difficulties that crop farming can bring. However, she perseveres and is dedicated to raising her income. Babli lives off the income she earns from farming. She cultivates vegetables, but her income isn't stable due to the nature of her work. She wishes to help her family enjoy a comfortable and secure future, and to make arrangements for the upcoming farming season by raising a loan. With this loan, Babli wishes to make arrangements for the upcoming season including tar banding. Invest in Babli as she makes preparations for the upcoming farming season.

About Babli Bai's livelihood

Babli is an agripreneur who works 6 hours a day for 5 days a week. With this loan Babli will potentially obtain employment for 195 days.

Interest Rate

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

40,000

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