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Jakal

Naik

Agripreneur

Mayurbhanj, Odisha

156 livelihood days

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Jakal

Naik

#Hardworking
Jakal Naik needs loan for expanding his poultry activity

Agripreneur

Odisha

156 potential days of livelihood

7,000 loan is fully repaid

7,000 loan is fully repaid


About Jakal

Jakal Naik has been working in the poultry sector for the last five years. He lives in Mayurbhanj, a state in north-east India and is faced with the difficulty of transportation. In order to execute his plans, he will buy more birds and feed them with required food. Jakal will use the loan to buy more birds, medication and construct a shed for his business. Although Jakal has already established a formidable poultry business, he wants to expand his business and improve his financial insecurity.

About Jakal Naik's livelihood

Jakal is an agripreneur who works 4 hours a day for 6 days a week. With this loan Jakal will potentially obtain employment for 156 days.

Interest Rate

The interest rate charged is split into returns for the social investor, fees for the impact partner and platform charges. Jakal Naik has consented to pay the interest as below:

Investee
pays

3.00% flat p.a.

5.40% APR

Social
Investor

2.00%

3.60% APR

Platform
charges

1.00%

1.80% APR

Loan Details

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

Loan
amount

7,000

Loan
tenure

9 months

Moratorium

3 months

Repayment
mode

EMI

Investee
occupation

Animal husbandry

Investee Credit Rating:
Very 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

Collectives for Integrated Livelihood Initiatives
   
Partner logo

Established in

2007

With Rang De from

2021

Founded by

TODO

Collectives for Integrated Livelihood Initiatives(CInI), Janshedpur,, established on May 17,2007 is a nodal agency of tata trusts, anchoring the Central India Initiatives. CInI aims to transform the lives of tribal households in the Central India tribal belts, through building knowledge & scaling up programs in thematic area of agriculture productivity stabilization, forest based livelihoods, water resources development, drinking water & sanitization, microfinance & strengthening community based organisation. CInI work on Lakhpati Kisan Initiatives: creating 'Lakhpati Kisan' & building 'Smart Villages'

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3

3000

3

Total: ₹3000

FUNDS

INDIVIDUALS