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Lalit

Kumar Barkade

Agripreneur

Mandla , Madhya Pradesh

273 livelihood days

Borrower Image 1 Borrower Image 2 Borrower Image 3

Lalit

Kumar Barkade

#ambitious#hardworking
Lalit wishes to hold his harvest as they prepare for the upcoming sowing season.

Agripreneur

Madhya Pradesh

273 potential days of livelihood

30,800 loan is fully repaid

30,800 loan is fully repaid


About Lalit

Lalit has been farming for over five years. Throughout this journey, he has faced many ups and downs. With sheer perseverance and determination, he has overcome them all. Recently the COVID crisis has brought challenges that has put the farming community into a peril like never before. Lalit lives in Mandla, Madhya Pradesh, with a family of four and needs cash immediately to meet the needs of the upcoming sowing season. With the supply chains disrupted, he has not been able to sell his products at a fair price. To avoid distress selling of the crops, he is holding the crops at an FPO. The loan amount will help him with the much-needed cash flow to meet his input needs for the Kharif season and to tide through until things get better.

About Lalit Kumar Barkade's livelihood

Lalit is an agripreneur who works 7 hours a day for 6 days a week. With this loan Lalit will potentially obtain employment for 273 days.

Interest Rate

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

Investee
pays

0.00% flat p.a.

0.00% APR

Social
Investor

0.00%

0.00% APR

Platform
charges

0.00%

0.00% APR

Loan Details

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

Loan
amount

30,800

Loan
tenure

9 months

Moratorium

None

Repayment
mode

Flexible repayments

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

Action for Social Advancement

   view website
Madhya Pradesh
Partner since 2020
Partner logo

About

Action for Social Advancement (ASA) is a grassroots NGO established in 1996 with its head office in Bhopal, Madhya Pradesh. At the heart of the organisation is the aim of developing livelihood security, which is facilitated by an intensive participatory process of natural resources development and local institutional development. ASA has played a key role in land and water resource development, promotion of sustainable farm practices and market linkages for smallholders across 2,200 villages in four states, Madhya Pradesh, Chhattisgarh, Jharkhand, and Bihar.

Impact Narrative

Rang De's interest free loans have been designed to enable small and marginal farmers to access storage for their produce and to meet their expenses for the Kharif season.

Rupees Icon

Rs 65,72,900

Disbursed
User circle icon

175

Investees
Repayment icon

100.0%

Repayments
Left quotes

During a time of disruption and distress caused by the Covid-19 pandemic, Rang De's loans have been accessible, affordable and above all, timely.

- Ashis Mondal, Director, ASA
RIght quotes
whatsapp_icon

3

3000

3

Total: ₹3000

FUNDS

INDIVIDUALS