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Ramesh Prasad

Kushwaha

Agripreneur

Niwari, Madhya Pradesh

364 livelihood days

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Ramesh Prasad

Kushwaha

##developmentalternatives #inclusiveentrepreneurship #JobsWeMake #microenterprises
Ramesh dreams of expanding his farm output by purchasing technologically advanced tools.

Agripreneur

Madhya Pradesh

364 potential days of livelihood

25,000 loan is fully repaid

25,000 loan is fully repaid


About Ramesh Prasad

Ramesh, a resident of Niwari has been farming for the past five years. There is a lot of farming land in the area, but not many farmers own better technological tools to cultivate the land efficiently. Ramesh wants to buy the right tools to cultivate the land he has and increase the efficiency of his cultivation. Having worked hard for the last five years, he has knowledge of agricultural and farming techniques. He hopes to get a loan to start some innovative farming and create a strong career path.

About Ramesh Prasad Kushwaha's livelihood

Ramesh Prasad is an agripreneur who works 8 hours a day for 7 days a week. With this loan Ramesh Prasad will potentially obtain employment for 364 days.

Interest Rate

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

Investee
pays

8.00% flat p.a.

14.40% APR

Social
Investor

3.20%

5.76% APR

Platform
charges

4.80%

8.64% APR

Loan Details

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

Loan
amount

25,000

Loan
tenure

12 months

Moratorium

None

Repayment
mode

EMI

Investee
occupation

Farming

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

Indian Micro Enterprises Development Foundation
   view website
Partner logo

Established in

1995

With Rang De from

2021

Founded by

Dr.Ashok Khosla

Indian Micro Enterprises Development Foundation (IMEDF) is a social enterprise promoted by Development Alternatives Group with a vision to promote inclusive growth and inspire environmental sustainability through development of micro - enterprises.

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3

3000

3

Total: ₹3000

FUNDS

INDIVIDUALS