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#RootforRangDe

Rang De is India’s first social lending platform where you can invest in people from low income households and earn nominal - moderate returns.

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Prem Devi

#achiever#growth
Prem Devi needs to begin the sowing season.

Agripreneur

Tonk, Rajasthan

30,000 has been disbursed

318 potential days of livelihood i

30,000 is the current outstanding balance


About Prem Devi

For over ten years, Prem Devi has been toiling on her land. Prem is from Tonk, Rajasthan. The COVID-19 crisis has put the family of four in great distress. With the sowing season just around the corner, Prem is looking to purchase inputs, employ labourers on her farm, prepare the land, and fix irrigation facilities. The loan will help her purchase quality fertilizers and hire help on her farm to ensure a bountiful harvest. She can also meet the harvesting expenses with the loan amount. Invest in Prem to help her get through these tough times.

I wish to expand my agriculture activity.

About Prem Devi's livelihood

Prem is an agripreneur who works 7 hours a day for 7 days a week. With this loan Prem will potentially obtain employment for 318 days.

Interest Rate
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

Loan Details

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

Loan
amount

30,000

Loan
tenure

10 months

Moratorium

None

Repayment
mode

EMI i

Investee
occupation

Farming

Investee Credit Rating i :
Rang De Credit Rating A B C
What it means Low Risk Medium Risk High Risk

B

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

A

Financial
Profile i

B

Co-curated and referred by our Impact Partner
Maitree Mahila Mandal Samiti Dooni

Established in

2009

With Rang De from

2020

Founded by

Geeta Devi

Maitree Mahila Mandal Samiti Dooni works with small and marginal farmers from Rajasthan. The major source of income is agriculture and income through migration. The average landholding of farmers that the federation works with is about 1 acre while a few communities are also landless. As a result of lockdown, most of the community members have migrated back to the villages and the means of income is adversely affected. As a result, the cash flows of the community members are hit. These community members are looking for an alternative source of income by reviving their agricultural activities. Maitree supports the communities with the best agriculture and technical practices to ensure a good yield. Maitree Mahila Mandal Samiti Dooni is promoted by SRIJAN.

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