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Banao

Soren

Agripreneur

Kendujhar, Odisha

52 livelihood days

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Banao

Soren

#hardworking#dedicated
Banao needs to arrange borewell, drip irrigation, and solar system on his farm.

Agripreneur

Odisha

52 potential days of livelihood

₹ 10,000 loan is fully repaid

₹ 10,000 loan is fully repaid

About Banao

Banao is a farmer, who lives in the district of Kendujhar, Orissa. He has been working on his farm for the last three years. This current loan will help him in arranging a borewell and a drip irrigation system and installing a solar system for his land. When his farm will be furnished with all the facilities he can easily produce vegetables and fruits and then can sell them in the market. Banao's goal is to have a better farm, and with your help, it will be possible. Support him now!

About Banao Soren's livelihood

Banao is an agripreneur who works 2 hours a day for 4 days a week. With this loan Banao will potentially obtain employment for 52 days.

Interest Rate

The interest rate charged is split into returns for the social investor, fees for the impact partner and platform charges. Banao Soren has consented to pay the interest as below:

Investee
pays

3.00% flat p.a.

5.40% APR

Social
Investor

2.00%

3.60% APR

Platform
charges

1.00%

1.80% APR

Loan Details

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

Loan
amount

₹ 10,000

Loan
tenure

15 months

Moratorium

3 months

Repayment
mode

EMI

Investee
occupation

Farming

Investee Credit Rating:
Very 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

Collectives for Integrated Livelihood Initiatives
   
Partner logo

Established in

2007

With Rang De from

2021

Founded by

TODO

Collectives for Integrated Livelihood Initiatives(CInI), Janshedpur,, established on May 17,2007 is a nodal agency of tata trusts, anchoring the Central India Initiatives. CInI aims to transform the lives of tribal households in the Central India tribal belts, through building knowledge & scaling up programs in thematic area of agriculture productivity stabilization, forest based livelihoods, water resources development, drinking water & sanitization, microfinance & strengthening community based organisation. CInI work on Lakhpati Kisan Initiatives: creating 'Lakhpati Kisan' & building 'Smart Villages'

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3

₹ 3000

Proceed to Pay

3

Total: ₹3000

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