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Midu

Tiriya

Agripreneur

mayurbhanj, Odisha

78 livelihood days

Borrower Image 1 Borrower Image 2 Borrower Image 3

Midu

Tiriya

#resilient# gogetter
Midu wants to invest in a solar powered drip irrigation system for the sowing season.

Agripreneur

Odisha

78 potential days of livelihood

25,000 loan is fully repaid

25,000 loan is fully repaid


About Midu

Midu Tiriya is a farmer and has been a farmer for five years. She is from the district of Mayurbhanj in Odisha. There are many farmers in her neighbourhood that can not afford to buy the solar powered irrigation systems to use them for their farming and are continuing to use their traditional methods. Midu does not want to use her traditional methods anymore and is seeking a solar powered drip irrigation system for the upcoming sowing season. She hopes that the drip irrigation system will help her grow higher quality, higher yielding crops and earn income to better provide for her family. With this loan she will be able to purchase the system to begin irrigating her crops with solar energy. Support Midu today.

About Midu Tiriya's livelihood

Midu is an agripreneur who works 2 hours a day for 6 days a week. With this loan Midu will potentially obtain employment for 78 days.

Interest Rate

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

Investee
pays

3.00% flat p.a.

5.40% APR

Social
Investor

2.00%

3.60% APR

Platform
charges

1.00%

1.80% APR

Loan Details

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

Loan
amount

25,000

Loan
tenure

15 months

Moratorium

3 months

Repayment
mode

EMI

Investee
occupation

Farming

Investee Credit Rating:
Very 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

Collectives for Integrated Livelihood Initiatives
   
Partner logo

Established in

2007

With Rang De from

2021

Founded by

TODO

Collectives for Integrated Livelihood Initiatives(CInI), Janshedpur,, established on May 17,2007 is a nodal agency of tata trusts, anchoring the Central India Initiatives. CInI aims to transform the lives of tribal households in the Central India tribal belts, through building knowledge & scaling up programs in thematic area of agriculture productivity stabilization, forest based livelihoods, water resources development, drinking water & sanitization, microfinance & strengthening community based organisation. CInI work on Lakhpati Kisan Initiatives: creating 'Lakhpati Kisan' & building 'Smart Villages'

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3

3000

3

Total: ₹3000

FUNDS

INDIVIDUALS