false
false 0 0 iERQmP224m

Mitaki

Bai

Agripreneur

Pali, Rajasthan

195 livelihood days

Borrower Image 1 Borrower Image 2 Borrower Image 3

Mitaki

Bai

#ambitious#passionate
Support Mitaki to purchase goods to start a provision store.

Agripreneur

Rajasthan

195 potential days of livelihood

50,000 loan is fully repaid

50,000 loan is fully repaid


About Mitaki

Mitaki is a resident of Pali and is the sole breadwinner of her family. She is involved in farming and owns some farms that she cultivates. Mitaki has been doing farming for over fifteen years now, and she is well known in her area. This is the first time that Mitaki is applying for a loan. She requires a loan to purchase goods to open a provision store. This will help her bring in more income. She is the only source of income for her family which comprises of four members. Mitaki dreams to have a better life for her family, and with your support, you can help to make this happen.

About Mitaki Bai's livelihood

Mitaki is an agripreneur who works 6 hours a day for 5 days a week. With this loan Mitaki will potentially obtain employment for 195 days.

Interest Rate

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

15 months

Moratorium

None

Repayment
mode

EMI

Investee
occupation

Farming

Investee Credit Rating:
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

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.

whatsapp_icon

3

3000

3

Total: ₹3000

FUNDS

INDIVIDUALS