Motilal Prasad is a hard-working young man from Siwan in Bihar. He has shown financial strength and perseverance to continue his fish farming business for the past five years. He has managed to be financially independent and support his family with ease. He hopes to expand his business and increase his income by buying more fish seeds and raising them in ponds for sale. Support Motilal as he plans to enhance his income.
Motilal is a solopreneur who works 7 hours a day for 7 days a week. With this loan Motilal will potentially obtain employment for 318 days.
The interest rate charged is split into returns for the social investor, fees for the impact partner and platform charges. Motilal Prasad has consented to pay the interest as below:
Investee
pays
8.00% flat p.a.
14.40% APR
Social
Investor
8.00%
14.40% APR
Platform
charges
0.00%
0.00% APR
The following section provides a detailed view of the investee loan requirement.
Loan
amount
₹ 20,000
Loan
tenure
12 months
Moratorium
None
Repayment
mode
EMI
Investee
occupation
Fisheries
Established in
2020
With Rang De from
2022
Founded by
Neelkanth Mishra
Jaljeevika is addressing the issue of small-scale fish farmers, building community resilience and capacity to enhance livelihood opportunities using existing water bodies, technology and leveraging institutions. They work through an ecosystem development model to build skill, develop institutional capacity and empower smallholders to interact with the market using the technology platform. They are facilitating the process in collaboration with various stakeholders to establish a knowledge forum to establish Blue Economy. For detail , visit their website www.jaljeevika.org
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