false
false 0 0 5Wpgvy5NZy

Kunthuru

Narasimhamurthi

logoAgripreneur

logo Vizag, Andhra Pradesh

logo 364 livelihood days i

b-img b-img b-img

Kunthuru

Narasimhamurthi

#achiever#growth
Kunthuru needs to fund processing and storage costs to hold on to his produce.

logoAgripreneur

logo Vizag, Andhra Pradesh

logo 364 potential days of livelihood i

40,000 loan is fully repaid

40,000 loan is fully repaid


Kunthuru has been growing tamarind in Visakhapatnam, Andhra Pradesh for over 18 years. He lives with a family of four. He has a freshly produced batch of tamarind but due to falling prices, he has decided to wait until he can sell it for a reasonable price. He needs credit to access storage facilities and pay for essential labour. This loan will enable him to add value to his produce with further processing and also access cold storage. He can then wait until he is able to sell his produce at a fair price. Invest in Kunthuru as he works hard to tide over this tough time.

I wish to give a good future to my children.

About Kunthuru Narasimhamurthi's livelihood

Kunthuru is an agripreneur who works 8 hours a day for 7 days a week. With this loan Kunthuru 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

0.00% flat p.a.

0.00% APR

Social
Investor i

0.00%

0.00% APR

Impact
Partner i

up to 0.00%

0.00% APR

Platform
charges i

0.00%

0.00% APR

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

Loan
amount

40,000

Loan
tenure

7 months

Moratorium

None

Repayment
mode

Flexible repayments i

Investee
occupation

Agro products

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

No credit history available

 

Rang De confidence score

 i


B

Partner Rating i

B

Loan Profile i

B

Financial Profile i

A

Watershed Support Services and Activities Network

   
Andhra Pradesh and Telangana
Partner since 2020

About

WASSAN’s vision is to establish participatory processes through a network approach that strengthens Natural Resources Management (NRM) practices to secure livelihoods of deprived communities in drought-prone areas. They engage and empower economically disadvantaged communities, particularly scheduled castes and tribes, in projects covering water management, crop management, afforestation, pasture/fodder development, rural energy management, soil, and land management, and the scope of their activities include capacity building, institutional development, networking, and advocacy. They have worked intensely with communities from Andhra Pradesh, Telangana, and Odisha.

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

100.0%

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
whatsapp_icon

3

3000

3

Total: ₹3000

Your Investees

Total Lives Impacted

0

Days of Livelihood

0