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Parbati

Majhi

Agripreneur

Keonjhar, Odisha

273 livelihood days

Borrower Image 1 Borrower Image 2 Borrower Image 3

Parbati

Majhi

#Hardworking
Support Parbati to make crop recurring deposits and arrange borewell and drip irrigation

Agripreneur

Odisha

273 potential days of livelihood

18,000 loan is fully repaid

18,000 loan is fully repaid


About Parbati

Parbati is a resident of the Keonjhar district. For the last six years, she has been farming with her husband. But due to their financial hardship, they have never been able to make crop recurring deposits and therefore could not arrange borewell and drip irrigation for the fields. With this loan, Parbati will be able to make crop recurring deposits and arrange borewell and drip irrigation for her fields. Her land will be more productive as a consequence and she will be able to generate more income. With her expenditure on borewell and drip irrigation fixed, Parbati will also be better equipped to invest in her daughter's education.

About Parbati Majhi's livelihood

Parbati is an agripreneur who works 7 hours a day for 6 days a week. With this loan Parbati 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. Parbati Majhi 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

Loan Details

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

Loan
amount

18,000

Loan
tenure

15 months

Moratorium

3 months

Repayment
mode

EMI

Investee
occupation

Farming

Investee Credit Rating:
Very 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

Collectives for Integrated Livelihood Initiatives
   
Partner logo

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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3

3000

3

Total: ₹3000

FUNDS

INDIVIDUALS