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Korra Dumbu

#ambitious#resilient
Korra needs to begin the sowing season.

Agripreneur

Vizag, Andhra Pradesh

12,500 has been disbursed

364 potential days of livelihood i

12,500 is the current outstanding balance


Korra has been practicing agriculture for thirty-eight years now. He is from Vishakapatnam, Andhra Pradesh, and lives with a family of five. Due to the unfavorable conditions, his produce is not selling at a reasonable price. This loan will help him access storage facilities to store his produce and also help him refine the produce with essential processing. Korra wishes to invest this loan in a storage unit, while he sows and processes millets for the upcoming season. Support Korra financially.

I wish to purchase a new bike.

About Korra Dumbu's livelihood

Korra is an agripreneur who works 8 hours a day for 7 days a week. With this loan Korra will potentially obtain employment for 364 days.

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

Investee
pays i

0.0% flat p.a.

0.0% APR

Social
Investor i

0.0%

0.0% APR

Impact
Partner i

up to 0.0%

0.0% APR

Platform
charges i

0.0%

0.0% APR

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

Loan
amount

12,500

Loan
tenure

9 months

Moratorium

None

Repayment
mode

Flexible repayments i

Investee
occupation

Farming

i :

B

Rang De Credit Rating A B C
What it means Low Risk Medium Risk High Risk

The rating is derived from the following data points.

Credit
bureau
score i

 

A

Rang De confidence score

 i


B


Partner
Rating i

B

Loan
Profile i

B

Financial
Profile i

B

Watershed Support Services and Activities Network

Andhra Pradesh and Telangana
Partner since 2020

About

WASSAN's vision is to establish participatory processes that strengthen Natural Resources Management practices to secure livelihoods of deprived communities, particularly scheduled castes and tribes, in drought prone areas.

Impact Narrative

To protect tribal farmers from falling prices of tamarind, Rang De and WASSAN have partnered to enable tribal farmers to meet the expenses of processing and storing their tamarind produce, while they wait for market conditions to improve.

Rs 24,40,000

Disbursed

71

Investees

74%

Repayments

Accessing credit from banks during the lockdown period has been very difficult in the tribal area. In these trying times, our partnership with Rang De has provided relief.

- Dr. M L Sanyasi Rao, Regional Program Manager, Wassan

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