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Fensi

Devi

Agripreneur

Pali, Rajasthan

227 livelihood days

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Fensi

Devi

#positive#believer
Invest in Fensi Devi to fence her farm to protect her crops.

Agripreneur

Rajasthan

227 potential days of livelihood

50,000 loan is fully repaid

50,000 loan is fully repaid


About Fensi

Fensi Devi, a resident of Pali, is an experienced farmer who has been able to work in her field for the past nineteen years. She sells her produce from the farm and with the proceeds she is able to sustain herself, her family, and pay for her children's education. This loan will help her fence her farm, it will enable her to help improve the conditions in her field, and gain more profits while ensuring the safety of her crops. With the profits she will be able to educate her children properly and help each of her children find a job in future. Support her now!

About Fensi Devi's livelihood

Fensi is an agripreneur who works 7 hours a day for 5 days a week. With this loan Fensi will potentially obtain employment for 227 days.

Interest Rate

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

Loan Details

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

Investee Credit Rating:
Adequate

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

Ghoomar Mahila Samiti
   
Partner logo

Established in

2015

With Rang De from

2020

Founded by

SAGI BAI

Registered under the societies registration act on 2nd February 2015, the federation comprises 4000 women. The federation works with the tribal communities of Rajasthan. The main source of income for the communities here is agriculture, stone-cutting and daily wage labour. With a strong presence of moneylenders charging exorbitant rates of interest, these communities have no other choice but to borrow at these rates to keep their business going. Ghoomar has been working tirelessly with these communities to help them build their livelihoods in a more sustainable manner by providing them with access to low cost credit and supporting their livelihood activities.

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3

3000

3

Total: ₹3000

FUNDS

INDIVIDUALS