Sasmita Behera started her own poultry business 5 years ago. To begin, she purchased 2 hens, which laid eggs for her family, and also allowed her to sell some of the excess to her neighbors for additional income. She keeps the poultry experience alive for the people who buy her eggs by providing live demonstrations of their egg-laying process, and makes sure that she's never more than an hour's walk from her customers. She wishes to use this credit to build a poultry shed.
Sasmita is an agripreneur who works 5 hours a day for 7 days a week. With this loan Sasmita will potentially obtain employment for 227 days.
The interest rate charged is split into returns for the social investor, fees for the impact partner and platform charges. Sasmita Behera 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
The following section provides a detailed view of the investee loan requirement.
Loan
amount
₹ 8,000
Loan
tenure
9 months
Moratorium
3 months
Repayment
mode
EMI
Investee
occupation
Animal husbandry
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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