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DevBhumi Natural Products Producer Company Ltd

#awardwinning#pathbreaking
Provide working capital and accelerate growth for this award-winning company

Creative Entrepreneur

Dehradun, Uttarakhand

3,00,000 Loan is fully repaid

318 potential days of livelihood i


Devbhumi is a producer company based in Uttarakhand. It engages around 8500 bona fide producers, mainly village women, who are spinners of yarn, weavers of fine fabrics, beekeepers and organic spice cultivators. Their products including shawls, stoles, mufflers, cushion covers, capes etc. are available throughout the country, through a network of retail shops, designer apparel studios, and boutiques, like Fab India and Karigar. They also export surplus to five other countries. The income generated through this business has been used for improved education of children and access to better nutrition and healthcare. The business has seen steady growth over the last few years. To sustain this growth, they require working capital to purchase raw materials and make payments to producers, in the gap between receiving orders and receiving the corresponding payments.

We want to accelerate growth for our community of producers.

About DevBhumi Natural Products Producer Company Ltd's livelihood

DevBhumi Natural Products is a creative entrepreneur who works 7 hours a day for 7 days a week. With this loan DevBhumi Natural Products 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.

Investee
pays i

5.0% flat p.a.

9.0% APR

Social
Investor i

4.0%

7.2% APR

Impact
Partner i

up to 0.0%

0.0% APR

Platform
charges i

1.0%

1.8% APR

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

Loan
amount

3,00,000

Loan
tenure

12 months

Moratorium

None

Repayment
mode

EMI i

Investee
occupation

Handicrafts

i :

B

Rang De Credit Rating A B C
What it means Low Risk Medium Risk High Risk

The rating is derived from the following data points.

Credit
bureau
score i

No credit history available

 

Rang De confidence score

 i


B


Partner
Rating i

B

Loan
Profile i

B

Financial
Profile i

A

Devbhumi Natural Products Producers Company Ltd.

Established in

2007

With Rang De from

2019

Founded by

Appropriate Technology India

Devbhumi is a producer company based in Uttarakhand. It engages around 8500 bona fide producers, who are also its shareholders. Traditionally the villagers created fabrics for their own use, and not as a livelihood activity. Devbhumi's mission was to transform these traditional activities into profitable commercial activity and create an income stream for the community. The producers, mainly village women, are spinners of yarn, weavers of fine fabrics, beekeepers and organic spice cultivators. Their activities are also closely tied to biodiversity conservation, and hence both economically and ecologically favourable. Devbhumi has been the recipient of the ‘Best Field Implementation Agency’ award by UNDP in 2003, the ‘World Bank Development Market Award’ in 2004, and the ‘Best Rural Community Micro Enterprise’ award by Citi Foundation in 2012.

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