Manish Kumar lives in the district of Supaul with his family of four members. He runs a successful fish farming business and has been doing so for the past two years. The income from this enables him to support his family. With a dream to provide for a better future for his family, he is looking for a loan to buy more fish seeds to expand his business. Invest in Manish Kumar as he expands his fish farming unit, purchases more fish seeds, and enhances his income.
Manish is a solopreneur who works 8 hours a day for 6 days a week. With this loan Manish will potentially obtain employment for 312 days.
The interest rate charged is split into returns for the social investor, fees for the impact partner and platform charges. Manish Kumar has consented to pay the interest as below:
Investee
pays
8.00% flat p.a.
14.40% APR
Social
Investor
8.00%
14.40% APR
Platform
charges
0.00%
0.00% APR
The following section provides a detailed view of the investee loan requirement.
Loan
amount
₹ 20,000
Loan
tenure
12 months
Moratorium
None
Repayment
mode
EMI
Investee
occupation
Fisheries
Established in
2020
With Rang De from
2022
Founded by
Neelkanth Mishra
Jaljeevika is addressing the issue of small-scale fish farmers, building community resilience and capacity to enhance livelihood opportunities using existing water bodies, technology and leveraging institutions. They work through an ecosystem development model to build skill, develop institutional capacity and empower smallholders to interact with the market using the technology platform. They are facilitating the process in collaboration with various stakeholders to establish a knowledge forum to establish Blue Economy. For detail , visit their website www.jaljeevika.org
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