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Gomi

Bai

Agripreneur

Bali, Rajasthan

234 livelihood days

Borrower Image 1 Borrower Image 2 Borrower Image 3

Gomi

Bai

#believer#resilient
Gomi Bai requires credit to meet the expenses of the new sowing season.

Agripreneur

Rajasthan

234 potential days of livelihood

1,00,000 loan is fully repaid

1,00,000 loan is fully repaid


About Gomi

Gomi Bai is an experienced farmer. She has toiled on her farm for eight years. She lives with a family of six and agriculture brings in the income to sustain. There are times when the going gets tough but she never backs down. Due to a disruption in the supply chain, Gomi finds it difficult to get essential supplies for beginning the new sowing season. With this loan, she will be able to buy quality seeds and fertilizers and fence her land to protect her crops from wild animals. She will also purchase a pipe to set up the irrigation system on her farm. It also will support her family through this crisis. Invest in Gomi and help her tide through these trying times.

About Gomi Bai's livelihood

Gomi is an agripreneur who works 6 hours a day for 6 days a week. With this loan Gomi will potentially obtain employment for 234 days.

Interest Rate

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

1,00,000

Loan
tenure

18 months

Moratorium

None

Repayment
mode

EMI

Investee
occupation

Farming

Investee Credit Rating:
Good

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