Jhamla Bai is a dairy farmer and earns a significant income from selling goat milk and milk products. This is the major source of income for her family of three. Currently, she wants to expand her family business, and with a dream to provide for a better and more secure future for her family, she is looking for a loan to buy more goats to add to her farm. Invest in Jhamla Bai as she expands her business of animal husbandry and enhances her income.
Jhamla is an agripreneur who works 6 hours a day for 7 days a week. With this loan Jhamla will potentially obtain employment for 273 days.
The interest rate charged is split into returns for the social investor, fees for the impact partner and platform charges. Jhamla Bai has consented to pay the interest as below:
Investee
pays
7.00% flat p.a.
12.60% APR
Social
Investor
3.00%
5.40% APR
Platform
charges
4.00%
7.20% APR
The following section provides a detailed view of the investee loan requirement.
Loan
amount
₹ 30,000
Loan
tenure
18 months
Moratorium
2 months
Repayment
mode
EQI
Investee
occupation
Animal husbandry
Established in
2002
With Rang De from
2022
Founded by
Seema - Prakash
Spandan Samaj Sewa Samiti is a grassroots NGO working among the lesser known and nutritionally vulnerable Korku tribe in Khandwa district of MP. The key focus area is Food Security and Nutrition. With that regard we are currently trying to enhance the livelihood of marginalized families. The major areas considered are goatery and nano enterprises and women empowerment.
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