Janki Devi is a hard-working woman who has been involved in the fishery for the past thirty years. She has now decided to increase her business and expand her income to enjoy a better lifestyle. She currently needs a loan to invest in trading fish. With her profits, she will be able to provide well for her family members. Later, she is also looking to increase the variety of fish she trades. Invest in Janki as she builds her business further and expands her trading operations.
Janki is a solopreneur who works 5 hours a day for 7 days a week. With this loan Janki 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. Janki 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
Fisheries
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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