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Gemmeli

Sathibabu

Agripreneur

Visakhapatnam, Andhra Pradesh

234 livelihood days

Borrower Image 1 Borrower Image 2

Gemmeli

Sathibabu

#strong#motivated
Gemmeli needs access to storage facilities to safeguard his produce.

Agripreneur

Andhra Pradesh

234 potential days of livelihood

40,000 loan is fully repaid

40,000 loan is fully repaid


About Gemmeli

Gemmeli 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 mold 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 her produce in distress. Invest in Gemmeli as he continues with determination.

About Gemmeli Sathibabu's livelihood

Gemmeli is an agripreneur who works 6 hours a day for 6 days a week. With this loan Gemmeli will potentially obtain employment for 234 days.

Interest Rate

The interest rate charged is split into returns for the social investor, fees for the impact partner and platform charges. Gemmeli Sathibabu 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

Loan Details

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

Investee
occupation

Agro products

Investee Credit Rating:
Excellent

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

Watershed Support Services and Activities Network

   
Delhi
Partner since 2020
Partner logo

About

WASSAN’s vision is to establish participatory processes through a network approach that strengthens Natural Resources Management (NRM) practices to secure livelihoods of deprived communities in drought-prone areas. They engage and empower economically disadvantaged communities, particularly scheduled castes and tribes, in projects covering water management, crop management, afforestation, pasture/fodder development, rural energy management, soil, and land management, and the scope of their activities include capacity building, institutional development, networking, and advocacy. They have worked intensely with communities from Andhra Pradesh, Telangana, and Odisha.

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.

Rupees Icon

Rs 24,40,000

Disbursed
User circle icon

71

Investees
Repayment icon

100.0%

Repayments
Left quotes

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
RIght quotes
whatsapp_icon

3

3000

3

Total: ₹3000

FUNDS

INDIVIDUALS