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Shaik Mahaboob

Basha

Agripreneur

Kurnool, Andhra Pradesh

364 livelihood days

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Shaik Mahaboob

Basha

#go-getter#ambitious
Invest in Mahaboob for a good season and explore better farming opportunities.

Agripreneur

Andhra Pradesh

364 potential days of livelihood

₹ 10,000 loan is fully repaid

₹ 10,000 loan is fully repaid

About Shaik Mahaboob

Mahaboob Basha needs to begin sowing for the new season. He is from Kurnool, Andhra Pradesh, and lives with a family of five. The disruption due to the COVID-19 crisis has made it difficult for Mahaboob to procure essential supplies. He is falling short of options and time is ticking. With the help of this loan, he will be able to buy all the essentials inputs required and begin the season on time. This will help him to have a successful harvest and fulfilling the needs of his family.

About Shaik Mahaboob Basha's livelihood

Shaik Mahaboob is an agripreneur who works 8 hours a day for 7 days a week. With this loan Shaik Mahaboob 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. Shaik Mahaboob Basha has consented to pay the interest as below:

Investee
pays

5.00% flat p.a.

9.00% APR

Social
Investor

2.00%

3.60% APR

Platform
charges

3.00%

5.40% APR

Loan Details

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

Loan
amount

₹ 10,000

Loan
tenure

8 months

Moratorium

None

Repayment
mode

Flexible repayments

Investee
occupation

Farming

Investee Credit Rating:
Adequate

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

Vrutti
   
Partner logo

Established in

2002

With Rang De from

2020

Founded by

Raghunathan Narayanan

Vrutti is a centre for sustainable livelihoods enhancing people’s well-being through knowledge, innovation and transformative actions. They work through an ecosystem approach integrating and delivering services that empower small producers and marginalized grow their way out of poverty and uncertainty and to be 3 times more profitable.

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3

₹ 3000

Proceed to Pay

3

Total: ₹3000

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