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Nirmala Majhi

#passionate#hustler
Nirmala needs to purchase fertilizers and pesticides for sugarcane cultivation.

Agripreneur

Nabarangapur, Orissa

20,000 has been disbursed

318 potential days of livelihood i

20,000 is the current outstanding balance


Nirmala lives in Nabarangapur, Orissa and toils on her farm to provide living for her family of three. Unfortunately, her income does not suffice, especially during this pandemic time, for her family expenses. She wishes to enhance her income so that she can look after her family well. At present, she wants to borrow some credit as she needs to invest in sugarcane cultivation for the new season. She will utilize the loan to purchase fertilizers and pesticides required for sugarcane. Invest in Nirmala today!

I wish to purchase an LED TV and a refrigerator for my house.

About Nirmala Majhi's livelihood

Nirmala is an agripreneur who works 7 hours a day for 7 days a week. With this loan Nirmala will potentially obtain employment for 318 days.

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

Investee
pays i

0.0% flat p.a.

0.0% APR

Social
Investor i

0.0%

0.0% APR

Impact
Partner i

up to 0.0%

0.0% APR

Platform
charges i

0.0%

0.0% APR

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

Loan
amount

20,000

Loan
tenure

12 months

Moratorium

None

Repayment
mode

Flexible repayments i

Investee
occupation

Farming

i :

B

Rang De Credit Rating A B C
What it means Low Risk Medium Risk High Risk

The rating is derived from the following data points.

Credit
bureau
score i

 

B

Rang De confidence score

 i


B


Partner
Rating i

B

Loan
Profile i

B

Financial
Profile i

A

Harsha Trust

Orissa
Partner since 2020

About

Harsha Trust works collaboratively with NGOs, government and corporations to enable small and marginal farmers to increase their income. It primarily implements grassroots development projects for sustainable natural resource/enterprise-based livelihood generation and better health of communities.

Impact Narrative

With institutional credit drying up, Rang De has joined forces with Harsha Trust to provide small and marginal farmers interest free loans to purchase seeds and fertilisers for the Kharif season.

Rs 3,17,96,000

Disbursed

2011

Investees

100%

Repayments

The credit need among our community members is immediate. The timely credit from Rang De will help the farmers to grow the Kharif crop to their full capacity ensuring income and nutrition in their household during this time of uncertainty.

- Kallul Bora, Executive Director, Harsha Trust

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