Pradeep Kumar is a hard-working individual who is based in the Kinnaur district of Himachal Pradesh. He has been involved with the apple farming business for over a decade now. He has an apple orchard and has been a very successful farmer. He wants to expand his apple cultivation in the region and get credit to meet the post-harvest expenses. It will also enable him to start the new season on time. Invest in Pradeep as he expands his apple cultivation.
Pradeep is an agripreneur who works 9 hours a day for 7 days a week. With this loan Pradeep will potentially obtain employment for 409 days.
The interest rate charged is split into returns for the social investor, fees for the impact partner and platform charges. Pradeep Kumar 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
The following section provides a detailed view of the investee loan requirement.
Loan
amount
₹ 1,00,000
Loan
tenure
9 months
Moratorium
None
Repayment
mode
EQI
Investee
occupation
Farming
Established in
2018
With Rang De from
2022
Founded by
Subir, Viresh, Abhishek
Small Indian farmers face huge challenges today - they cultivate amazing harvests but have trouble finding good markets and being paid fairly. The current system of buying and selling denies them access to trade they can trust with long delays in getting paid and leaves them straddled with tremendous debt and post-harvest losses. Fruitfal helps to fix these problems and create a better environment for small farmers.
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