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Kamala

Bai

Agripreneur

Pali, Rajasthan

227 livelihood days

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Kamala

Bai

#growth#provider
Kamala requires credit to fence her land and fix the irrigation facilities.

Agripreneur

Rajasthan

227 potential days of livelihood

1,00,000 loan is fully repaid

1,00,000 loan is fully repaid


About Kamala

Kamala Bai is from Pali, Rajasthan. Her experience of eight years in farming has made her a skilled farmer. Living with a family of three, the main revenue earned is from cultivating their piece of land throughout the year. The ongoing season has brought working on her toes. While her hard work alone can’t ensure a bountiful harvest, she needs a loan to make arrangements for irrigation to ensure quality produce. She will use the credit to fence her land and renovate the tube well for proper irrigation of her land. Invest in Kamala Bai as she aims for a profitable season.

About Kamala Bai's livelihood

Kamala is an agripreneur who works 5 hours a day for 7 days a week. With this loan Kamala will potentially obtain employment for 227 days.

Interest Rate

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

15 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