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Korra

Prasad

logoAgripreneur

logo Vizag, Andhra Pradesh

logo 312 livelihood days Number of days of productive livelihood activity that this loan will potentially facilitate

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Korra

Prasad

#ambitious#courageous
Prasad needs access to storage facilities to safeguard his produce.

logoAgripreneur

logo Vizag, Andhra Pradesh

logo 312 potential days of livelihood Number of days of productive livelihood activity that this loan will potentially facilitate

40,000 loan is fully repaid

40,000 loan is fully repaid


Prasad is waiting for his produce to be sold at a competitive price. He had toiled hard deseeding, cleaning and segregating his produce. Due to the falling market, he intends to hold his produce for a little longer. To avoid mold and spoilage he needs to store it in a cold storage facility. The loan amount will fulfill his credit needs and add value to the end product with further refining. It will help him wait and not need to sell in distress until his produce is sold at a competitive price. Invest in Prasad as he continues on with determination.

I wish to build a big house for my family.

About Korra Prasad's livelihood

Korra is an agripreneur who works 8 hours a day for 6 days a week. With this loan Korra 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 The rate of interest charged to the investee

0.00% flat p.a.

0.00% APR

Social
Investor The rate of return an investor makes

0.00%

0.00% APR

Impact
Partner The rate of return an impact partner makes

up to 0.00%

0.00% APR

Platform
charges The charges, the platform incurs by offering it's services

0.00%

0.00% 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 Repaid during or at the end of the tenure

Investee
occupation

Farming

The credit rating of the investee is arrived at by using a proprietary algorithm that factors in the investee’s credit score and the performance rating of the Impact Partner.

Watershed Support Services and Activities Network

   
Delhi
Partner since 2020

About

WASSAN’s vision is to establish participatory processes through a network approach that strengthens Natural Resources Management (NRM) practices to secure livelihoods of deprived communities in drought-prone areas. They engage and empower economically disadvantaged communities, particularly scheduled castes and tribes, in projects covering water management, crop management, afforestation, pasture/fodder development, rural energy management, soil, and land management, and the scope of their activities include capacity building, institutional development, networking, and advocacy. They have worked intensely with communities from Andhra Pradesh, Telangana, and Odisha.

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

100.0%

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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3

3000

3

Total: ₹3000

Your Investees

Total Lives Impacted

0

Days of Livelihood

0