Rani needs to begin sowing for the Kharif season. She is from Banka, Orissa and lives with a family of four. The recent disruption due to the COVID-19 crisis has made it difficult for Rani to procure essential supplies. She is falling short of options and time is ticking. With the help of this loan, she will be able to buy all the essentials required and begin the season on time. This will help her to have a successful harvest and fulfilling the needs of her family.
Rani is an agripreneur who works 11 hours a day for 7 days a week. With this loan Rani will potentially obtain employment for 500 days.
The interest rate charged is split into returns for the social investor, fees for the impact partner and platform charges. Rani Devi has consented to pay the interest as below:
Investee
pays
0.00% flat p.a.
0.00% APR
Social
Investor
0.00%
0.00% APR
Platform
charges
0.00%
0.00% APR
The following section provides a detailed view of the investee loan requirement.
Loan
amount
₹ 5,000
Loan
tenure
8 months
Moratorium
3 months
Repayment
mode
EMI
Investee
occupation
Farming
Established in
2013
With Rang De from
2020
Founded by
Memebers of Self Help Groups of Shihakripada, Dumka, Jharkhand
Nari Shakti Mahila Sangh actively works with 130 village organizations and 1,568 Self Help Groups (SHGs) in Bihar. They work with the collective aim of supporting small and marginal farmers jointly with the government and CSOs. More than 10,000 farmers are now engaged with federation through livelihood activities. With a focus on activities like establishing linkage between market, private firms, line departments concerned, etc, the Federation ensures that the farmer has well-rounded support providing the farmers with a better price for their products. Nari Shakti Mahila Sangh is promoted by PRADAN.
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