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Mani

Bai

Agripreneur

Pali, Rajasthan

195 livelihood days

Borrower Image 1 Borrower Image 2 Borrower Image 3

Mani

Bai

#breadwinner#hardworking
Mani Bai needs a loan for digging a tube well in her farm.

Agripreneur

Rajasthan

195 potential days of livelihood

70,000 loan is fully repaid

70,000 loan is fully repaid


About Mani

Mani Bai is a hard-working young woman who lives in a small hamlet in Pali, Rajasthan. So far she has farming as the only source of income for her family. Mani Bai is planning to dig a tube well for her farm. This loan will enable her to buy the required materials for digging. Mani Bai is confident that if she has a tube well on her farm, she will have enough water for her crops. Eventually, her crops will give her a good yield, which will result in a good income. This increased income will help her build a strong future for her family. Motivate Mani Bai by investing in her financial need.

About Mani Bai's livelihood

Mani is an agripreneur who works 6 hours a day for 5 days a week. With this loan Mani will potentially obtain employment for 195 days.

Interest Rate

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

Investee
pays

10.00% flat p.a.

18.00% APR

Social
Investor

4.00%

7.20% APR

Platform
charges

6.00%

10.80% APR

Loan Details

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

Loan
amount

70,000

Loan
tenure

15 months

Moratorium

None

Repayment
mode

EMI

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

Ghoomar Mahila Samiti
   
Partner logo

Established in

2015

With Rang De from

2020

Founded by

SAGI BAI

Registered under the societies registration act on 2nd February 2015, the federation comprises 4000 women. The federation works with the tribal communities of Rajasthan. The main source of income for the communities here is agriculture, stone-cutting and daily wage labour. With a strong presence of moneylenders charging exorbitant rates of interest, these communities have no other choice but to borrow at these rates to keep their business going. Ghoomar has been working tirelessly with these communities to help them build their livelihoods in a more sustainable manner by providing them with access to low cost credit and supporting their livelihood activities.

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3

3000

3

Total: ₹3000

FUNDS

INDIVIDUALS