₹ 26,662.33 is
the current outstanding balance
33%
0%
17%
50%
Magaray Jambekar is a hard-working woman who is on the journey of providing a better life for her family. She runs an animal husbandry unit for over four years now. Magaray grows crops on her land and also looks after animals to earn an income. She's looking to expand her business further and needs a loan to purchase more goats to expand her farm and increase her income. Invest in Magaray as she hopes to lead a better life with the profit from her business!
Magaray is an agripreneur who works 4 hours a day for 6 days a week. With this loan Magaray will potentially obtain employment for 156 days.
The interest rate charged is split into returns for the social investor, fees for the impact partner and platform charges. Magaray Jambekar has consented to pay the interest as below:
Investee
pays
7.00% flat p.a.
12.60% APR
Social
Investor
3.00%
5.40% APR
Platform
charges
4.00%
7.20% APR
The following section provides a detailed view of the investee loan requirement.
Loan
amount
₹ 40,000
Loan
tenure
18 months
Moratorium
2 months
Repayment
mode
EQI
Investee
occupation
Animal husbandry
Established in
2002
With Rang De from
2022
Founded by
Seema - Prakash
Spandan Samaj Sewa Samiti is a grassroots NGO working among the lesser known and nutritionally vulnerable Korku tribe in Khandwa district of MP. The key focus area is Food Security and Nutrition. With that regard we are currently trying to enhance the livelihood of marginalized families. The major areas considered are goatery and nano enterprises and women empowerment.
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