₹ 3,332.66 is
the current outstanding balance
83%
0%
17%
0%
Saraju Bai is from the Khandwa district in Madhya Pradesh and is a hard-working mother of four. She has owned the animal husbandry and dairy business for the past four years and has managed to make a decent income for herself and her family. She is looking for some more goats to add to her goat farm, and hopes to avail a loan to purchase them. Invest in Saraju Bai as she buys and raises more goats, and creates a sustainable income for her family.
Saraju is an agripreneur who works 8 hours a day for 7 days a week. With this loan Saraju 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. Saraju Bai has consented to pay the interest as below:
Investee
pays
7.00% flat p.a.
12.60% APR
Social
Investor
3.00%
5.40% APR
Platform
charges
4.00%
7.20% APR
The following section provides a detailed view of the investee loan requirement.
Loan
amount
₹ 20,000
Loan
tenure
18 months
Moratorium
2 months
Repayment
mode
EQI
Investee
occupation
Animal husbandry
Established in
2002
With Rang De from
2022
Founded by
Seema - Prakash
Spandan Samaj Sewa Samiti is a grassroots NGO working among the lesser known and nutritionally vulnerable Korku tribe in Khandwa district of MP. The key focus area is Food Security and Nutrition. With that regard we are currently trying to enhance the livelihood of marginalized families. The major areas considered are goatery and nano enterprises and women empowerment.
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