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Banita

Mahanta

Agripreneur

keonjhar, Odisha

156 livelihood days

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Banita

Mahanta

#resilient#hustler
Support Banita to make arrangements for irrigation and crop recurring costs for the new season.

Agripreneur

Odisha

156 potential days of livelihood

₹ 17,000 loan is fully repaid

₹ 17,000 loan is fully repaid

About Banita

Banita is cultivating a field in the rural part of Keonjhar district of Odisha. Banita's main source of income is the harvest of rice and maize, however, the yield is not enough to support her family. Now Banita is requesting a loan to support her in making arrangements for irrigation and recurring costs for the new season. She will get a borewell and a drip irrigation system for her farm. This will enable her to provide enough water for her crops. She will also install a solar system. Support Banita as she hopes for a profitable season.

About Banita Mahanta's livelihood

Banita is an agripreneur who works 4 hours a day for 6 days a week. With this loan Banita will potentially obtain employment for 156 days.

Interest Rate

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

₹ 17,000

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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