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Korra Seema

#breadwinner#provider
Seema needs to fund processing and storage costs to hold on to her produce.

Agripreneur

Vizag, Andhra Pradesh

40,000 Loan is fully repaid

234 potential days of livelihood i


Seema has been growing tamarind in Jallurumetta for over nine years now. She lives with a family of four. She has a freshly produced batch of tamarind but due to falling prices, she has decided to wait until she can sell it for a reasonable price. She has used credit for processing her produce and needs credit to access storage facilities and pay for essential labour. The loan amount will enable her to add quality to her produce with further processing and access cold storage until. She can wait until she is able to sell her produce at a profitable price. Invest in Seema as she works hard to tide over this tough time.

I wish to expand my agriculture activity.

About Korra Seema's livelihood

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

40,000

Loan
tenure

7 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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