Giram needs to begin sowing for the Kharif season. He is from Madhya Pradesh and lives with a family of 4. The recent disruption due to the COVID-19 crisis has made it difficult for Giram to procure essential supplies. He is falling short of options and time is ticking. With the help of this loan, he will be able to buy all the essentials required and begin the season on time. This will help him to have a successful harvest and fulfilling the needs of his family.
Giram is an agripreneur who works 6 hours a day for 5 days a week. With this loan Giram 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. Giram Sohan Singh has consented to pay the interest as below:
Investee
pays
0.00% flat p.a.
0.00% APR
Social
Investor
0.00%
0.00% APR
Platform
charges
0.00%
0.00% APR
The following section provides a detailed view of the investee loan requirement.
Loan
amount
₹ 21,500
Loan
tenure
9 months
Moratorium
None
Repayment
mode
Flexible repayments
Investee
occupation
Farming
Action for Social Advancement (ASA) is a grassroots NGO established in 1996 with its head office in Bhopal, Madhya Pradesh. At the heart of the organisation is the aim of developing livelihood security, which is facilitated by an intensive participatory process of natural resources development and local institutional development. ASA has played a key role in land and water resource development, promotion of sustainable farm practices and market linkages for smallholders across 2,200 villages in four states, Madhya Pradesh, Chhattisgarh, Jharkhand, and Bihar.
Rang De's interest free loans have been designed to enable small and marginal farmers to access storage for their produce and to meet their expenses for the Kharif season.
Rs 65,72,900
Disbursed
175
Investees
100.0%
Repayments
During a time of disruption and distress caused by the Covid-19 pandemic, Rang De's loans have been accessible, affordable and above all, timely.
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