₹ 5,996 is
the current outstanding balance
60%
0%
0%
40%
Basanti is a woman from Keonjhar, Orissa whose goal is to practice sustainable farming and earn enough to sustain her family. Her husband helps her with farming. She has sown crops on her small farm, but an irrigation facility is needed. With this loan, Basanti will be able to have an irrigation facility on her farm and will be able to grow larger quantities of produce. This will help Basanti to have a better life.
Basanti is an agripreneur who works 5 hours a day for 6 days a week. With this loan Basanti will potentially obtain employment for 195 days.
The interest rate charged is split into returns for the social investor, fees for the impact partner and platform charges. Basanti Chaki 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
The following section provides a detailed view of the investee loan requirement.
Loan
amount
₹ 15,000
Loan
tenure
15 months
Moratorium
3 months
Repayment
mode
EMI
Investee
occupation
Farming
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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