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Madhukar

Mainde

Agripreneur

Yavatmal, Maharashtra

273 livelihood days

Borrower Image 1 Borrower Image 2

Madhukar

Mainde

#hustler#dedicated
Madhukar needs to avail storage unit and start the Rabi season.

Agripreneur

Maharashtra

273 potential days of livelihood

70,000 loan is fully repaid

70,000 loan is fully repaid


About Madhukar

For over twenty years, Madhukar has been toiling on his land. He is from Yavatmal, Maharashtra. The COVID-19 crisis has put the family of five in great distress. He has his fresh produce to be stored in a proper storage facility until the market price is high. He needs credit for the same and this will help him from distress selling. He will also use the credit to meet the expenses of the new Rabi season. Support Madhukar financially now!

About Madhukar Mainde's livelihood

Madhukar is an agripreneur who works 6 hours a day for 7 days a week. With this loan Madhukar 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. Madhukar Mainde has consented to pay the interest as below:

Investee
pays

5.00% flat p.a.

9.00% APR

Social
Investor

2.00%

3.60% APR

Platform
charges

3.00%

5.40% APR

Loan Details

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

Loan
amount

70,000

Loan
tenure

6 months

Moratorium

None

Repayment
mode

Flexible repayments

Investee
occupation

Farming

Investee Credit Rating:
Excellent

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

Gramheet Private Limited
   view website
Partner logo

Established in

2020

With Rang De from

2020

Founded by

Pankaj Prakash Mahalle, Shweta Suresh Thakare

Gramheet is a social enterprise committed towards a 'farmers' first approach. Gramheet provides farmers with a bundle of services ranging from pre to post-harvest through collaboration with FPOs using a digital platform. The services offered include warehouse facilities, post-harvest credit, market linkages, access to farm inputs, input credit and value-added services at their village trade centres. It acts as a one-stop service centre for farmers where they can avail all the services at farm-gate. Gramheet aims to increase the farmer’ income while reducing their debt burden from informal sources. Currently, Gramheet is operating in the Yavatmal district of Maharashtra (Central India) which is is considered to be the most distressed agricultural region has recorded the highest number of 'farmers' suicide in the country.

whatsapp_icon

3

3000

3

Total: ₹3000

FUNDS

INDIVIDUALS