Baini is a resident of Jhansi, a very hardworking woman, and a farmer. Baini has been raising vegetables for five years on her own land. She hopes to use the profits from selling vegetables to break many hurdles in her life. Now she needs your support to cultivate vegetables in the upcoming season as well. This loan will help her purchase quality inputs on time. Baini's family will sell the produce at the local market to get the maximum benefit. Invest in her will to thrive!
Baini is an agripreneur who works 7 hours a day for 7 days a week. With this loan Baini 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. Baini Bai has consented to pay the interest as below:
Investee
pays
8.00% flat p.a.
14.40% APR
Social
Investor
3.20%
5.76% APR
Platform
charges
4.80%
8.64% APR
The following section provides a detailed view of the investee loan requirement.
Loan
amount
₹ 30,000
Loan
tenure
12 months
Moratorium
None
Repayment
mode
EMI
Investee
occupation
Farming
Established in
1995
With Rang De from
2021
Founded by
Dr.Ashok Khosla
Indian Micro Enterprises Development Foundation (IMEDF) is a social enterprise promoted by Development Alternatives Group with a vision to promote inclusive growth and inspire environmental sustainability through development of micro - enterprises.
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