Basanti Devi is a resident of Badgaon village in Tonk. She has been cultivating a two hectares farm for the past ten years, growing vegetables. She is requesting a loan to invest in the irrigation system of her farm. Once the loan is disbursed, financing a new diesel engine water pump will allow her to maintain her farm during the rainy season, thus providing her with more job security and the capability to improve her income. Support her now!
Basanti is an agripreneur who works 7 hours a day for 7 days a week. With this loan Basanti will potentially obtain employment for 318 days.
The interest rate charged is split into returns for the social investor, fees for the impact partner and platform charges. Basanti Devi 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
The following section provides a detailed view of the investee loan requirement.
Loan
amount
₹ 50,000
Loan
tenure
15 months
Moratorium
None
Repayment
mode
EMI
Investee
occupation
Farming
Established in
2009
With Rang De from
2020
Founded by
Geeta Devi
Maitree Mahila Mandal Samiti Dooni works with small and marginal farmers from Rajasthan. The major source of income is agriculture and income through migration. The average landholding of farmers that the federation works with is about 1 acre while a few communities are also landless. As a result of lockdown, most of the community members have migrated back to the villages and the means of income is adversely affected. As a result, the cash flows of the community members are hit. These community members are looking for an alternative source of income by reviving their agricultural activities. Maitree supports the communities with the best agriculture and technical practices to ensure a good yield. Maitree Mahila Mandal Samiti Dooni is promoted by SRIJAN.
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