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Shanker

Negi

Agripreneur

Kinnaur, Himachal Pradesh

Loan Written Off

364 livelihood days

Borrower Image 1

Shanker

Negi

#Hard working
Support Shanker to continue farming in the new season.

Agripreneur

Himachal Pradesh

Loan Written Off

364 potential days of livelihood


About Shanker

Shanker Negi is a native from the Kinnaur district in Himachal Pradesh; he is a hard-working man with great aspirations for his family's future. Shanker Negi wants to continue with his farming business; he is currently involved in farming for apples in Kinnaur, Himachal Pradesh. He has been farming for the past 12 years and has often faced hard times because of heavy flood losses. The flood losses have not only destroyed his crops, but have also destroyed the tools and equipment that he needs to farm successfully. Shanker seeks a loan to buy apple post harvest credit and support his family's livelihood. By investing in the apple post harvest credit, Shanker will be able to focus on his farming business and grow his family's earnings each year. Work with Shanker to improve his farming business and create a secure income source for his family.

About Shanker Negi's livelihood

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

Investee
pays

8.00% flat p.a.

14.40% APR

Social
Investor

8.00%

14.40% APR

Platform
charges

0.00%

0.00% APR

Loan Details

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

Loan
amount

1,73,600

Loan
tenure

9 months

Moratorium

None

Repayment
mode

EQI

Investee
occupation

Farming

Investee Credit Rating:
Good

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

Fruitfal Technologies India Pvt Ltd
   
Partner logo

Established in

2018

With Rang De from

2022

Founded by

Subir, Viresh, Abhishek

Small Indian farmers face huge challenges today - they cultivate amazing harvests but have trouble finding good markets and being paid fairly. The current system of buying and selling denies them access to trade they can trust with long delays in getting paid and leaves them straddled with tremendous debt and post-harvest losses. Fruitfal helps to fix these problems and create a better environment for small farmers.

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3

3000

3

Total: ₹3000

FUNDS

INDIVIDUALS