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Pongloi

Konyak

Agripreneur

Mon, Nagaland

312 livelihood days

Borrower Image 1 Borrower Image 2 Borrower Image 3

Pongloi

Konyak

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Support Pongloi as she wanted to set up bio-flock unit

Agripreneur

Nagaland

312 potential days of livelihood

1,00,000 loan is fully repaid

1,00,000 loan is fully repaid


About Pongloi

Pongloi Konyak lives in the village of Mon in the state of Nagaland. She is among the few women in the village that have taken the initiative to start their own business. With the support of a local organisation she has taken the training for bio-flock model. However, she still struggles to runs her business smoothly and facing financial problems. To solve the problem, Pongloi has taken a step forward to start the bio floc intervention. With a loan from Rang De, she will be able to set up a small bio floc tank.

About Pongloi Konyak's livelihood

Pongloi is an agripreneur who works 8 hours a day for 6 days a week. With this loan Pongloi will potentially obtain employment for 312 days.

Interest Rate

The interest rate charged is split into returns for the social investor, fees for the impact partner and platform charges. Pongloi Konyak has consented to pay the interest as below:

Investee
pays

8.00% flat p.a.

14.40% APR

Social
Investor

8.00%

14.40% APR

Platform
charges

0.00%

0.00% APR

Loan Details

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

Investee
occupation

Animal husbandry

Investee Credit Rating:
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

Mithun Rural Development Foundation
   
Partner logo

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

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3

3000

3

Total: ₹3000

FUNDS

INDIVIDUALS