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Nikhil

Raut

Agripreneur

Yavatmal, Maharashtra

273 livelihood days

Borrower Image 1 Borrower Image 2

Nikhil

Raut

#courageous#go-getter
Support Nikhil get storage unit for his produce and start Rabi season on time.

Agripreneur

Maharashtra

273 potential days of livelihood

83,000 loan is fully repaid

83,000 loan is fully repaid


About Nikhil

Nikhil, a young and passionate farmer from Yavatmal, Maharashtra, is waiting for his produce to be sold at a competitive price. He had toiled hard cleaning, segregating, and processing his produce. Due to the falling market, he intends to hold his produce for a little longer. To avoid mold and spoilage he needs to store it in a good storage facility. This loan will help him add value to the end product with further refining. It will help him wait and not need to sell his produce in distress. The loan will also enable him to arrange quality inputs and start the new Rabi season on time. Invest in Nikhil as he continues on with determination.

About Nikhil Raut's livelihood

Nikhil is an agripreneur who works 6 hours a day for 7 days a week. With this loan Nikhil will potentially obtain employment for 273 days.

Interest Rate

The interest rate charged is split into returns for the social investor, fees for the impact partner and platform charges. Nikhil Raut has consented to pay the interest as below:

Investee
pays

5.00% flat p.a.

9.00% APR

Social
Investor

2.00%

3.60% APR

Platform
charges

3.00%

5.40% APR

Loan Details

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

Loan
amount

83,000

Loan
tenure

6 months

Moratorium

None

Repayment
mode

Flexible repayments

Investee
occupation

Farming

Investee Credit Rating:
Excellent

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

Gramheet Private Limited
   view website
Partner logo

Established in

2020

With Rang De from

2020

Founded by

Pankaj Prakash Mahalle, Shweta Suresh Thakare

Gramheet is a social enterprise committed towards a 'farmers' first approach. Gramheet provides farmers with a bundle of services ranging from pre to post-harvest through collaboration with FPOs using a digital platform. The services offered include warehouse facilities, post-harvest credit, market linkages, access to farm inputs, input credit and value-added services at their village trade centres. It acts as a one-stop service centre for farmers where they can avail all the services at farm-gate. Gramheet aims to increase the farmer’ income while reducing their debt burden from informal sources. Currently, Gramheet is operating in the Yavatmal district of Maharashtra (Central India) which is is considered to be the most distressed agricultural region has recorded the highest number of 'farmers' suicide in the country.

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3

3000

3

Total: ₹3000

FUNDS

INDIVIDUALS