Fulkumari Devi is a resident of Purnia in Bihar. She has been buying fish from the market, drying them, and selling them to make an income for the past eight years. With a loan, she will be able to invest in fish trading and expand her operations. This will provide a great future for her family. Invest in Fulkumari as she sets out to expand her business and earn more than she ever has before.
Fulkumari is an agripreneur who works 5 hours a day for 7 days a week. With this loan Fulkumari will potentially obtain employment for 227 days.
The interest rate charged is split into returns for the social investor, fees for the impact partner and platform charges. Fulkumari Devi has consented to pay the interest as below:
Investee
pays
8.00% flat p.a.
14.40% APR
Social
Investor
8.00%
14.40% APR
Platform
charges
0.00%
0.00% APR
The following section provides a detailed view of the investee loan requirement.
Loan
amount
₹ 25,000
Loan
tenure
12 months
Moratorium
None
Repayment
mode
EMI
Investee
occupation
Animal husbandry
Established in
2020
With Rang De from
2022
Founded by
Neelkanth Mishra
Jaljeevika is addressing the issue of small-scale fish farmers, building community resilience and capacity to enhance livelihood opportunities using existing water bodies, technology and leveraging institutions. They work through an ecosystem development model to build skill, develop institutional capacity and empower smallholders to interact with the market using the technology platform. They are facilitating the process in collaboration with various stakeholders to establish a knowledge forum to establish Blue Economy. For detail , visit their website www.jaljeevika.org
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