false
false 0 0 UyhR1LzdaZ

Movni

Bai

logoAgripreneur

logo Pali, Rajasthan

logo 40,000 has been disbursed

logo 195 livelihood days Number of days of productive livelihood activity that this loan will potentially facilitate

b-img b-img b-img

Movni

Bai

#breadwinner#hardworking
Support Movni Bai arrange irrigation facilities on her farm and have a successful season.

logoAgripreneur

logo Pali, Rajasthan

logo 40,000 has been disbursed

logo 195 potential days of livelihood Number of days of productive livelihood activity that this loan will potentially facilitate

33,332.8 is
the current outstanding balance

100 0 0 6667 0 0

100%

0%

0%


Movni Bai's family has been engaged in farming for the past 6 years, in the district of Pali in Rajasthan. They are struggling on a day-to-day basis with the poor income that farming affords and do not have the means to support themselves. Movni Bai is currently operating and managing a small field of land, where she produces and sells a variety of vegetables and fruits. Despite the income that she makes from her business, she struggles to meet all her family's needs on time. With a dream of providing for a better and secure future for her family, Movni Bai wishes to have irrigation facilities set up on her land and is looking to raise a loan to purchase the required materials and equipment. Invest in Movni Bai as she constructs a new source of irrigation, ensuring a successful season and greater income for her family.

My dream is to enjoy a secure future with my family.

About Movni Bai's livelihood

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

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

Investee
pays The rate of interest charged to the investee

10.00% flat p.a.

18.00% APR

Social
Investor The rate of return an investor makes

4.00%

7.20% APR

Impact
Partner The rate of return an impact partner makes

up to 4.00%

7.20% APR

Platform
charges The charges, the platform incurs by offering it's services

2.00%

3.60% APR

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 Equated Monthly Instalment

Investee
occupation

Farming

The credit rating of the investee is arrived at by using a proprietary algorithm that factors in the investee’s credit score and the performance rating of the Impact Partner.

Ghoomar Mahila Samiti
   

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

Your Investees

Total Lives Impacted

0

Days of Livelihood

0