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Maroju Ravi Kumar

#familyman#provider
Maroju needs essential equipment to begin the sowing season.

Agripreneur

Vizag, Andhra Pradesh

40,000 Loan is fully repaid

364 potential days of livelihood i


Maroju 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 mould and spoilage he needs to store it in a cold storage facility. This loan will help him add value to the end product with further refining. It will help him wait and not need to sell his produce in distress. Invest in Maroju as he continues on with determination.

I want to own a departmental store

About Maroju Ravi Kumar's livelihood

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

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

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 i

Investee
occupation

Agro products

i :

B

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

The rating is derived from the following data points.

Credit
bureau
score i

 

A

Rang De confidence score

 i


B


Partner
Rating i

B

Loan
Profile i

B

Financial
Profile i

A

Watershed Support Services and Activities Network

Andhra Pradesh and Telangana
Partner since 2020

About

WASSAN's vision is to establish participatory processes that strengthen Natural Resources Management practices to secure livelihoods of deprived communities, particularly scheduled castes and tribes, in drought prone areas.

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

74%

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

0 more to go -349 days remaining

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