Valuable time and money have already been invested in Niral's farm, with no clear sight of a fruitful future. She is seeking a loan to invest in the upcoming cultivation season. She will purchase a solar system, set up a drip irrigation system on her land, and make the crop recurring deposits with the loan amount. Have your own share in supporting Niral's mission towards developing herself and impacting other people through contributing towards the growth of her family's business.
Niral is an agripreneur who works 4 hours a day for 5 days a week. With this loan Niral will potentially obtain employment for 130 days.
The interest rate charged is split into returns for the social investor, fees for the impact partner and platform charges. Niral Gagarai has consented to pay the interest as below:
Investee
pays
3.00% flat p.a.
5.40% APR
Social
Investor
2.00%
3.60% APR
Platform
charges
1.00%
1.80% APR
The following section provides a detailed view of the investee loan requirement.
Loan
amount
₹ 12,000
Loan
tenure
15 months
Moratorium
3 months
Repayment
mode
EMI
Investee
occupation
Farming
Established in
2007
With Rang De from
2021
Founded by
TODO
Collectives for Integrated Livelihood Initiatives(CInI), Janshedpur,, established on May 17,2007 is a nodal agency of tata trusts, anchoring the Central India Initiatives. CInI aims to transform the lives of tribal households in the Central India tribal belts, through building knowledge & scaling up programs in thematic area of agriculture productivity stabilization, forest based livelihoods, water resources development, drinking water & sanitization, microfinance & strengthening community based organisation. CInI work on Lakhpati Kisan Initiatives: creating 'Lakhpati Kisan' & building 'Smart Villages'
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