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Babloo

Agripreneur

Kinnaur, Himachal Pradesh

Loan Written Off

455 livelihood days

Borrower Image 1

Babloo

#positive#passionate
Babloo needs credit to meet his apple post harvest expenses.

Agripreneur

Himachal Pradesh

Loan Written Off

455 potential days of livelihood


About Babloo

Babloo is a young farmer living with his family in Kinnaur, Himachal Pradesh. He owns an apple farm and works hard to meet the needs of his family and his farming needs, especially during the planting and post-harvest seasons. He is looking to expand his farming business by obtaining credit to meet his apple post-harvest expenses. A loan from Rang De will enable him to meet his immediate credit needs and also start the new season on time. Support Babloo and his apple cultivation.

About Babloo 's livelihood

Babloo is an agripreneur who works 10 hours a day for 7 days a week. With this loan Babloo will potentially obtain employment for 455 days.

Interest Rate

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

Loan Details

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

Loan
amount

2,50,000

Loan
tenure

9 months

Moratorium

None

Repayment
mode

EQI

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

Fruitfal Technologies India Pvt Ltd
   
Partner logo

Established in

2018

With Rang De from

2022

Founded by

Subir, Viresh, Abhishek

Small Indian farmers face huge challenges today - they cultivate amazing harvests but have trouble finding good markets and being paid fairly. The current system of buying and selling denies them access to trade they can trust with long delays in getting paid and leaves them straddled with tremendous debt and post-harvest losses. Fruitfal helps to fix these problems and create a better environment for small farmers.

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3

3000

3

Total: ₹3000

FUNDS

INDIVIDUALS