Markaba is about to begin the autumn sowing season. He is from Mokokchung Nagaland and lives with a family of four. The timely sowing of seeds and preparation of land is crucial for a timely harvest and Markaba with his seven years of experience knows this well. He seeks a loan to buy essential supplies like fertilizers, pesticides, and seeds. He is firmly committed to making a reasonable profit by the end of the harvest. Invest in Markaba him as he aspires to better.
Markaba is an agripreneur who works 7 hours a day for 6 days a week. With this loan Markaba will potentially obtain employment for 273 days.
The interest rate charged is split into returns for the social investor, fees for the impact partner and platform charges. Markaba 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
The following section provides a detailed view of the investee loan requirement.
Loan
amount
₹ 50,000
Loan
tenure
12 months
Moratorium
None
Repayment
mode
EHI
Investee
occupation
Farming
Entrepreneurs Associates (EA) was founded in 2001 to transform the landscape of despair and broken economy of Nagaland and foster the spirit of self-reliance & responsible leadership in the psyche of Nagas. They believe in the potential of inclusive and responsible entrepreneurship where entrepreneurship is accessible to all. For over 18 years, EA has been closely working in the field of entrepreneurship to promote local youth to take up entrepreneurship to bridge the widening vacuum of local enterprises all over the state. EA advocates the Naga youth to look beyond government jobs and seek out ways to contribute towards building the economy of the state. EA works with potential Naga entrepreneurs who have been denied credit from other sources. They train, mentor and finance these first generation entrepreneurs and help them set up successful businesses.
Rang De's partnership with EA works to a culture of entrepreneurship by making credit accessible to Naga entrepreneurs.
Rs 1,83,72,800
Disbursed
211
Investees
99.0%
Repayments
Access to finance has always been a challenge in Nagaland. Through Rang De, we can now provide low cost credit to our community with ease.
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