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Kondapalli Photuraju

#believer#courageous
Photuraju needs access to storage facilities to safeguard his produce.

Agripreneur

Vizag, Andhra Pradesh

40,000 has been disbursed

312 potential days of livelihood i

40,000 is the current outstanding balance

0 100 0 0 0 40000

0%

0%

100%


Photuraju has been growing tamarind in Jajulapalem for over ten years now. He lives with a family of three. He has a freshly produced batch of tamarind but due to falling prices, he has decided to wait until he can sell it for a reasonable price. He has used credit for processing his produce and needs credit to access storage facilities and pay for essential labour. The loan amount will enable him to add value to his produce with further processing and also access cold storage. He can wait until he is able to sell his produce at a fair price. Invest in Photuraju as he works hard to tide over this tough time.

I wish to expand my agriculture activity.

About Kondapalli Photuraju's livelihood

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

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

40,000

Loan
tenure

7 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

No credit history available

 

Rang De confidence score

 i


B


Partner
Rating i

B

Loan
Profile i

B

Financial
Profile i

A

Watershed Support Services and Activities Network

Andhra Pradesh and Telangana
Partner since 2020

About

WASSAN's vision is to establish participatory processes that strengthen Natural Resources Management practices to secure livelihoods of deprived communities, particularly scheduled castes and tribes, in drought prone areas.

Impact Narrative

To protect tribal farmers from falling prices of tamarind, Rang De and WASSAN have partnered to enable tribal farmers to meet the expenses of processing and storing their tamarind produce, while they wait for market conditions to improve.

Rs 24,40,000

Disbursed

71

Investees

72%

Repayments

Accessing credit from banks during the lockdown period has been very difficult in the tribal area. In these trying times, our partnership with Rang De has provided relief.

- Dr. M L Sanyasi Rao, Regional Program Manager, Wassan

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