Basanti has been running her own retail store for over thirteen years in her village. With the help of some credit, she wishes to purchase better quality products and weighing scales as part of expanding her store. This expansion will help her enhance her income. Support Basanti today!
Basanti is a retailpreneur who works 8 hours a day for 7 days a week. With this loan Basanti will potentially obtain employment for 364 days.
The interest rate charged is split into returns for the social investor, fees for the impact partner and platform charges. Basanti Naga 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
₹ 20,000
Loan
tenure
12 months
Moratorium
None
Repayment
mode
EMI
Investee
occupation
Retail store
Established in 2002, Harsha Trust works collaboratively with NGOs, government, and corporations to help small and marginal farmers increase their income and overcome poverty. They have been working mainly with the tribes of South and West Odisha. Harsha Trust primarily implements grassroots development projects for sustainable natural resource/enterprise-based livelihood generation and better health of communities. Over the last 17 years, it has worked intensively with more than 1,20,000 households to provide them with a higher income and a better quality of life.
With institutional credit drying up, Rang De has joined forces with Harsha Trust to provide small and marginal farmers interest free loans to purchase seeds and fertilisers for the Kharif season.
Rs 3,79,26,000
Disbursed
2188
Investees
99.0%
Repayments
The credit need among our community members is immediate. The timely credit from Rang De will help the farmers to grow the Kharif crop to their full capacity ensuring income and nutrition in their household during this time of uncertainty.
Share Basanti's profile
Invite your family and friends to view Basanti's profile on Rang De
