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Meera

Devi

Agripreneur

Pali, Rajasthan

162 livelihood days

Borrower Image 1 Borrower Image 2 Borrower Image 3

Meera

Devi

#breadwinner#hardworking
Meera Devi needs funds for agriculture expenses.

Agripreneur

Rajasthan

162 potential days of livelihood

40,000 loan is fully repaid

40,000 loan is fully repaid


About Meera

Meera Devi stays in Pali district with her family of 5 members. Her husband, works as a daily laborer and is associated with agriculture. Meera Devi also works in agriculture with her husband. She learns her husband's farming techniques and implements them to increase their agricultural output. However, Meera Devi's family is now in need of a loan and is currently looking to expand. They wish to raise a loan so that they can level the uneven parts of their land, and also would spend a part of the loan amount for fencing their land to avoid wild animals entering their land at night. This will help Meera Devi to protect the crops and get a good yield. Invest in Meera Devi as she levels her farms and increases agricultural output with adequate land.

About Meera Devi's livelihood

Meera is an agripreneur who works 5 hours a day for 5 days a week. With this loan Meera will potentially obtain employment for 162 days.

Interest Rate

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

40,000

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