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Satyanarayana

Ragas

Agripreneur

Gajapati, Odisha

364 livelihood days

Borrower Image 1 Borrower Image 2 Borrower Image 3

Satyanarayana

Ragas

#passionate#achiever
Support Satyanarayana as he cultivates his land.

Agripreneur

Odisha

364 potential days of livelihood

10,000 loan is fully repaid

10,000 loan is fully repaid


About Satyanarayana

Satyanarayana Ragas is a resident of Gajapati district in Odisha and is a farmer who's been cultivating his land for the past fifteen years. Despite the income that he generates from his land, she struggles to meet the farming needs of the new season. With the dream of a secure future for his family, he is looking to take a loan from Rang De to purchase quality seeds and other inputs to be able to have a successful crop season this year. Invest in Satyanarayana as he cultivates his land and expands his business.

About Satyanarayana Ragas's livelihood

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

Interest Rate

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

Investee
pays

6.00% flat p.a.

10.80% APR

Social
Investor

6.00%

10.80% APR

Platform
charges

0.00%

0.00% APR

Loan Details

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

Loan
amount

10,000

Loan
tenure

9 months

Moratorium

None

Repayment
mode

EQI

Investee
occupation

Farming

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

Gram Vikas
   view website
Partner logo

Established in

1979

With Rang De from

2020

Founded by

Mr. Joe Madiath

Gram Vikas, which literally translates to “Village Development”, has been working for the well-being of tribal and marginalized communities in inaccessible rural areas since 1979. Gram Vikas strives to promote sustainable, socially inclusive and gender equitable practices amongst these communities, thus enabling them to take control over their lives and reach a heightened sense of empowerment. The Vision of Gram Vikas is 'An equitable and sustainable society where people live in peace with dignity'. Gram Vikas' Mission is 'to promote processes which are sustainable, socially inclusive and gender equitable to enable critical masses of poor and marginalized rural people or communities to achieve a dignified quality of life'. Which would be characterized by: Assured access to basic education and adequate health services, Sustainable use and management of natural resources, Options for appropriate family and community infrastructure and sources of energy, Strong self-governing people’s institutions with equal participation of men and women.

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3

3000

3

Total: ₹3000

FUNDS

INDIVIDUALS