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Nenu

Bai

Agripreneur

Pali, Rajasthan

227 livelihood days

Borrower Image 1 Borrower Image 2 Borrower Image 3

Nenu

Bai

#breadwinner#hardworking
Nenu Bai needs credit to improve her irrigation system.

Agripreneur

Rajasthan

227 potential days of livelihood

60,000 loan is fully repaid

60,000 loan is fully repaid


About Nenu

Nenu Bai is a resilient farmer, farming for over seventeen years has given her the courage to face all hardships. Be it scanty rainfall, failed crops or poor liquidity her determination never fell short. Yet again she is confronted with new challenges, the new Rabi season needs to begin with adequate irrigation and timely sowing of seeds to harvest a good produce. Nenu needs a loan to set up a fencing for her farm and to dig a deeper well for irrigation. Invest in Nenu Bai as she prods with courage.

About Nenu Bai's livelihood

Nenu is an agripreneur who works 5 hours a day for 7 days a week. With this loan Nenu will potentially obtain employment for 227 days.

Interest Rate

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

60,000

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