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Narendra

Kumar

Agripreneur

Lucknow, Uttar Pradesh

Loan Written Off

234 livelihood days

Borrower Image 1

Narendra

Kumar

#achiever#resilient
Invest in Narendra as he needs post harvest and storage credit.

Agripreneur

Uttar Pradesh

Loan Written Off

234 potential days of livelihood


About Narendra

Known to many as a skilled and resourceful farmer, Narendra Kumar has a dream for a sustainable future. He lives with his family of four members in Lucknow. Narendra has been running a farm for the past five years. He started farming when he was very young, which has given him a great understanding of the farming business and a unique expertise towards it. He earns a good profit by making a good investment in his farm every season and by harvesting and selling crops. Now, his harvest is ready. However, due to a lack of post-harvesting and storage credit, he hasn't been able to maximise his business potential. The money will be used mainly to store and save the produce from spoilage. Support Narendra as he hopes for a better profit by selling his produce.

About Narendra Kumar's livelihood

Narendra is an agripreneur who works 6 hours a day for 6 days a week. With this loan Narendra will potentially obtain employment for 234 days.

Interest Rate

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

Loan Details

The following section provides a detailed view of the investee loan requirement.

Loan
amount

1,48,000

Loan
tenure

9 months

Moratorium

None

Repayment
mode

EQI

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

Fruitfal Technologies India Pvt Ltd
   
Partner logo

Established in

2018

With Rang De from

2022

Founded by

Subir, Viresh, Abhishek

Small Indian farmers face huge challenges today - they cultivate amazing harvests but have trouble finding good markets and being paid fairly. The current system of buying and selling denies them access to trade they can trust with long delays in getting paid and leaves them straddled with tremendous debt and post-harvest losses. Fruitfal helps to fix these problems and create a better environment for small farmers.

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3

3000

3

Total: ₹3000

FUNDS

INDIVIDUALS