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false 0 0 pVyGSEjBp6

Marga

Devi

logoAgripreneur

logo Pali, Rajasthan

logo 50,000 has been disbursed

logo 234 livelihood days Number of days of productive livelihood activity that this loan will potentially facilitate

b-img b-img

Marga

Devi

#ambitious#achiever
Invest in Marga Devi as she installs a new tubewell for her farmland.

logoAgripreneur

logo Pali, Rajasthan

logo 50,000 has been disbursed

logo 234 potential days of livelihood Number of days of productive livelihood activity that this loan will potentially facilitate

38,888.32 is
the current outstanding balance

100 0 0 11112 0 0

100%

0%

0%


Marga Devi has been involved in farming for the past seven years. Her land requires a new tubewell to ensure better irrigation for her crops. Currently, she is struggling with the old tubewell that breaks down frequently and is expensive to repair. Marga Devi is therefore looking for a loan to dig a new tubewell and purchase other necessary equipment to ensure that her farmland is more lucrative and is yielding good crop growth. Invest in Marga Devi's farm for better agricultural growth and to increase her income.

I wish to purchase more agricultural land.

About Marga Devi's livelihood

Marga is an agripreneur who works 6 hours a day for 6 days a week. With this loan Marga will potentially obtain employment for 234 days.

The interest rate charged is split into returns for the social investor, fees for the impact partner and platform charges.

Investee
pays The rate of interest charged to the investee

10.00% flat p.a.

18.00% APR

Social
Investor The rate of return an investor makes

4.00%

7.20% APR

Impact
Partner The rate of return an impact partner makes

up to 4.00%

7.20% APR

Platform
charges The charges, the platform incurs by offering it's services

2.00%

3.60% APR

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

Loan
amount

50,000

Loan
tenure

18 months

Moratorium

None

Repayment
mode

EMI Equated Monthly Instalment

Investee
occupation

Farming

The credit rating of the investee is arrived at by using a proprietary algorithm that factors in the investee’s credit score and the performance rating of the Impact Partner.

Ghoomar Mahila Samiti
   

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.

whatsapp_icon

3

3000

3

Total: ₹3000

Your Investees

Total Lives Impacted

0

Days of Livelihood

0