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Sanita

Naik

Agripreneur

Mayurbhanj, Odisha

195 livelihood days

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Sanita

Naik

#Go-getter#Passionate
Support Sanita arrange irrigation facilities on her farm and have a successful season.

Agripreneur

Odisha

195 potential days of livelihood

5,000 loan is fully repaid

5,000 loan is fully repaid


About Sanita

Sanita Naik from Pattamundai, Mayurbhanj, Odisha, is just two years old in farming and already she has shown so much promise. She has an acre of land. She has taken a loan from Rang De and is planning to invest in some agricultural equipment and irrigation facility which will help her water her fields in ways that will save her time and energy. This loan will help her set up a water canal that will irrigate one whole acre of land for the next season.

About Sanita Naik's livelihood

Sanita is an agripreneur who works 5 hours a day for 6 days a week. With this loan Sanita will potentially obtain employment for 195 days.

Interest Rate

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

Investee
pays

3.00% flat p.a.

5.40% APR

Social
Investor

2.00%

3.60% APR

Platform
charges

1.00%

1.80% APR

Loan Details

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

Loan
amount

5,000

Loan
tenure

15 months

Moratorium

3 months

Repayment
mode

EMI

Investee
occupation

Farming

Investee Credit Rating:
Very 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

Collectives for Integrated Livelihood Initiatives
   
Partner logo

Established in

2007

With Rang De from

2021

Founded by

TODO

Collectives for Integrated Livelihood Initiatives(CInI), Janshedpur,, established on May 17,2007 is a nodal agency of tata trusts, anchoring the Central India Initiatives. CInI aims to transform the lives of tribal households in the Central India tribal belts, through building knowledge & scaling up programs in thematic area of agriculture productivity stabilization, forest based livelihoods, water resources development, drinking water & sanitization, microfinance & strengthening community based organisation. CInI work on Lakhpati Kisan Initiatives: creating 'Lakhpati Kisan' & building 'Smart Villages'

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3

3000

3

Total: ₹3000

FUNDS

INDIVIDUALS