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Movni

Bai

Agripreneur

Pali, Rajasthan

195 livelihood days

Borrower Image 1 Borrower Image 2 Borrower Image 3

Movni

Bai

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

Agripreneur

Rajasthan

195 potential days of livelihood

40,000 loan is fully repaid

40,000 loan is fully repaid


About Movni

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.

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.

Interest Rate

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

40,000

Loan
tenure

18 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.

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3

3000

3

Total: ₹3000

FUNDS

INDIVIDUALS