₹ 26,662.66 is
the current outstanding balance
33%
0%
0%
67%
Nirmal Bai is a resident of Khandwa, a mother of two, and a hardworking woman. She is a strong believer in the power of education, which is why she has sent her children to school. She will not rest until she completes her goal of getting her children well educated. The additional income derived from selling goat's milk will augment the family's monthly income. She needs a loan to buy two more goats and other necessary supplies.
Nirmal Bai is an agripreneur who works 8 hours a day for 6 days a week. With this loan Nirmal Bai will potentially obtain employment for 312 days.
The interest rate charged is split into returns for the social investor, fees for the impact partner and platform charges. Nirmal Bai Korku 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
₹ 40,000
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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