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Manak

Lal Patidar

Agripreneur

Ratlam, Madhya Pradesh

273 livelihood days

Borrower Image 1 Borrower Image 2 Borrower Image 3

Manak

Lal Patidar

#passionate# dedicated
Manak wishes to purchase inputs for the upcoming season while holding his post-rabi harvest.

Agripreneur

Madhya Pradesh

273 potential days of livelihood

49,400 loan is fully repaid

49,400 loan is fully repaid


About Manak

Manak is a farmer from Ratlam, Madhya Pradesh. His hard work over in the past few months has reaped him a bountiful harvest. To avoid distress selling of his crops, he has decided to hold his crops with an FPO until a fair price for the produce is obtained. The current scenario of the COVID crisis has put his family of five into a tight situation. While he has to make amends for family essentials, the cash flows have been affected tremendously. The loan amount will allow him to meet the immediate cash needs to meet buy input products for the upcoming Kharif season. Invest in Manak.

About Manak Lal Patidar's livelihood

Manak is an agripreneur who works 7 hours a day for 6 days a week. With this loan Manak 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. Manak Lal Patidar 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

49,400

Loan
tenure

9 months

Moratorium

None

Repayment
mode

Flexible repayments

Investee
occupation

Farming

Investee Credit Rating:
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