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Savara Kiran Kumar

#strongwill#determined
Savara is seeking a loan to support his millet crop.

Agripreneur

Srikakulam, Andhra Pradesh

25,000 Loan is fully repaid

156 potential days of livelihood i


Savara is a farmer from Srikakulam, Andhra Pradesh. He is the sole earning member of his family of four and supports them with income from farming and animal husbandry. He seeks a loan to invest in the purchase and processing of a millet crop, and also wishes to secure a cold storage facility for his agro based business. This income will bring him a step closer to his dream of building a house for his family.

I wish to construct a new house for my family.

About Savara Kiran Kumar's livelihood

Savara is an agripreneur who works 4 hours a day for 6 days a week. With this loan Savara will potentially obtain employment for 156 days.

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

Investee
pays i

0.0% flat p.a.

0.0% APR

Social
Investor i

0.0%

0.0% APR

Impact
Partner i

up to 0.0%

0.0% APR

Platform
charges i

0.0%

0.0% APR

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

Loan
amount

25,000

Loan
tenure

9 months

Moratorium

None

Repayment
mode

Flexible repayments i

Investee
occupation

Farming

i :

B

Rang De Credit Rating A B C
What it means Low Risk Medium Risk High Risk

The rating is derived from the following data points.

Credit
bureau
score i

No credit history available

 

Rang De confidence score

 i


B


Partner
Rating i

B

Loan
Profile i

B

Financial
Profile i

B

Watershed Support Services and Activities Network

Andhra Pradesh and Telangana
Partner since 2020

About

WASSAN's vision is to establish participatory processes that strengthen Natural Resources Management practices to secure livelihoods of deprived communities, particularly scheduled castes and tribes, in drought prone areas.

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.

Rs 24,40,000

Disbursed

71

Investees

74%

Repayments

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

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