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Lachha

Soren

Agripreneur

Keonjhar, Odisha

156 livelihood days

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Lachha

Soren

#courageous#go-getter
Enable Lachha to set up drip irrigation and make the crop recurring deposit.

Agripreneur

Odisha

156 potential days of livelihood

22,000 loan is fully repaid

22,000 loan is fully repaid


About Lachha

Lachha has been raising vegetables on her farm for many years. Every year she has to go through great difficulties because the rains do not get the necessary water in order to really nourish the soil. As a result, many of her crops were ruined because of this. This loan will help her set up a borewell and drip irrigation, and help her make crop recurring deposits. She will also install a solar system on her land. In this way, she will also be able to grow more crops, which will help her to increase her family's income while also helping her children to be self-sufficient.

About Lachha Soren's livelihood

Lachha is an agripreneur who works 4 hours a day for 6 days a week. With this loan Lachha will potentially obtain employment for 156 days.

Interest Rate

The interest rate charged is split into returns for the social investor, fees for the impact partner and platform charges. Lachha Soren has consented to pay the interest as below:

Investee
pays

3.00% flat p.a.

5.40% APR

Social
Investor

2.00%

3.60% APR

Platform
charges

1.00%

1.80% APR

Loan Details

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

Loan
amount

22,000

Loan
tenure

15 months

Moratorium

3 months

Repayment
mode

EMI

Investee
occupation

Farming

Investee Credit Rating:
Very 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

Collectives for Integrated Livelihood Initiatives
   
Partner logo

Established in

2007

With Rang De from

2021

Founded by

TODO

Collectives for Integrated Livelihood Initiatives(CInI), Janshedpur,, established on May 17,2007 is a nodal agency of tata trusts, anchoring the Central India Initiatives. CInI aims to transform the lives of tribal households in the Central India tribal belts, through building knowledge & scaling up programs in thematic area of agriculture productivity stabilization, forest based livelihoods, water resources development, drinking water & sanitization, microfinance & strengthening community based organisation. CInI work on Lakhpati Kisan Initiatives: creating 'Lakhpati Kisan' & building 'Smart Villages'

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3

3000

3

Total: ₹3000

FUNDS

INDIVIDUALS