₹ 6,662.32 is
the current outstanding balance
67%
0%
0%
33%
Narmadi is an independent, hardworking woman. She has decided to expand her animal farming business as she has understood that it will bring additional revenue to her family's income. The loan she has applied for will help her to purchase goats and sell more milk at the dairy. With this loan, Narmadi will be able to take her business to a whole new level and provide support to her family members.
Narmadi is an agripreneur who works 8 hours a day for 7 days a week. With this loan Narmadi will potentially obtain employment for 364 days.
The interest rate charged is split into returns for the social investor, fees for the impact partner and platform charges. Narmadi Kaalme has consented to pay the interest as below:
Investee
pays
7.00% flat p.a.
12.60% APR
Social
Investor
3.00%
5.40% APR
Platform
charges
4.00%
7.20% APR
The following section provides a detailed view of the investee loan requirement.
Loan
amount
₹ 20,000
Loan
tenure
18 months
Moratorium
2 months
Repayment
mode
EQI
Investee
occupation
Animal husbandry
Established in
2002
With Rang De from
2022
Founded by
Seema - Prakash
Spandan Samaj Sewa Samiti is a grassroots NGO working among the lesser known and nutritionally vulnerable Korku tribe in Khandwa district of MP. The key focus area is Food Security and Nutrition. With that regard we are currently trying to enhance the livelihood of marginalized families. The major areas considered are goatery and nano enterprises and women empowerment.
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