false
false 0 0 XNa1zS6eB2

Phungnyei

Konyak

logoAgripreneur

logo Mon, Nagaland

logo 1,00,000 has been disbursed

logo 312 livelihood days i

b-img b-img b-img

Phungnyei

Konyak

##cane basket making
Support Phungnyei Konyak's in setting up new bio-flock unit

logoAgripreneur

logo Mon, Nagaland

logo 1,00,000 has been disbursed

logo 312 potential days of livelihood i

100,000 is
the current outstanding balance


Phungnyei Konyak is a hard-working farmer who lives with his family of 6 members in the district of Mon in Nagaland. Phungnyei Konyak is a farmer by profession and has been involved with animal husbandry for over 10 years. He wishes to increase his income by setting up a bio-flock unit in his backyard that will boost his earnings exponentially. He's looking to raise a loan to support his business of developing a bio-flock unit. Invest in Phungnyei Konyak bio-flock unit today!

To increase household income through Bio-floc based fishery and expand his bio-floc business in future.

About Phungnyei Konyak's livelihood

Phungnyei is an agripreneur who works 8 hours a day for 6 days a week. With this loan Phungnyei 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.

Investee
pays i

8.00% flat p.a.

14.40% APR

Social
Investor i

8.00%

14.40% APR

Impact
Partner i

up to 0.00%

0.00% APR

Platform
charges i

0.00%

0.00% APR

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

Loan
amount

1,00,000

Loan
tenure

5 months

Moratorium

None

Repayment
mode

Flexible repayments i

Investee
occupation

Animal husbandry

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

No credit history available

 

Rang De confidence score

 i


B

Partner Rating i

B

Loan Profile i

B

Financial Profile i

B

Mithun Rural Development Foundation
   

Established in

2021

With Rang De from

2022

Founded by

Col. Vijay Bhaskar and Sudeshna Mukherjee

Mithun Rural Development Foundation (MRDF), a Section 8 Company works in India and Myanmar on installing mini grid based clean energy ecosystems and using that clean access platform to engage with local communities to grow green micro-enterprises and scale Productive Uses of Energy (PUE) to impact rural lives and livelihoods in a sustainable manner. With a Vision of Economic Development of rural North East India through the platform of distributed renewable energy based solar mini-grids, MRDF aims to reach 1000 villages of North East India over the next ten years. Since March 2022, MRDF has converted, mentored and incubated over 71 micro-enterprises in the three mini grid villages of Chenwetnyu, Longkei and Totokchingha, all powered by the mini-grids of MRDF. Rang De's credit intervention will help MRDF to scale up their efforts and enhance the scope of livelihoods to include handicrafts, eco-tourism, bio-floc based home fisheries etc. and in turn realise their vision and mission

whatsapp_icon

3

3000

3

Total: ₹3000

Your Investees

Total Lives Impacted

0

Days of Livelihood

0