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Marga

Devi

Agripreneur

Pali, Rajasthan

234 livelihood days

Borrower Image 1 Borrower Image 2

Marga

Devi

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

Agripreneur

Rajasthan

234 potential days of livelihood

50,000 loan is fully repaid

50,000 loan is fully repaid


About Marga

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.

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.

Interest Rate

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

50,000

Loan
tenure

18 months

Moratorium

None

Repayment
mode

EMI

Investee
occupation

Farming

Investee Credit Rating:
Adequate

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