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Babli

Bai

Agripreneur

Pali, Rajasthan

162 livelihood days

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Babli

Bai

#positive#courageous
Invest in Babli as she needs to level her land and fence it.

Agripreneur

Rajasthan

162 potential days of livelihood

60,000 loan is fully repaid

60,000 loan is fully repaid


About Babli

Babli Bai works as a farmer in the Pali district to support her family of five. Babli has remained independent and provided for her family while maintaining her hard work ethic. Babli's family farm produces various crops such as wheat, millet, and lentils. Because she has only a small farm, she doesn't make enough from her land to support her family. She's looking for a loan to invest more in her land and increase its productivity. With your support, she will be able to level her land well, fence it, and plant more crops. Invest in Babli Bai as she expands her business of farming and reaps a good yield.

About Babli Bai's livelihood

Babli is an agripreneur who works 5 hours a day for 5 days a week. With this loan Babli will potentially obtain employment for 162 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

60,000

Loan
tenure

18 months

Moratorium

None

Repayment
mode

EMI

Investee
occupation

Farming

Investee Credit Rating:
Good

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