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Shanker

Singad

logoAgripreneur

logo Alirajpur, Madhya Pradesh

logo 273 livelihood days Number of days of productive livelihood activity that this loan will potentially facilitate

b-img b-img b-img

Shanker

Singad

#hustler#dedicated
Shanker wishes to purchase inputs for the upcoming season while holding his post-rabi harvest.

logoAgripreneur

logo Alirajpur, Madhya Pradesh

logo 273 potential days of livelihood Number of days of productive livelihood activity that this loan will potentially facilitate

40,000 loan is fully repaid

40,000 loan is fully repaid


Shanker has been farming for over twenty-two years. Throughout this journey, he has faced many ups and downs. With sheer perseverance and determination, he has overcome them all. Recently the Covid crisis has brought challenges that has put the farming community into a peril like never before. Shanker lives in Alirajpur, Madhya Pradesh with a family of five and needs cash immediately to meet the needs of the upcoming sowing season. With the supply chains disrupted, he has not been able to sell his products at a fair price. To avoid distress selling of the crops, he is holding the crops at a FPO. The loan amount will help him with the much needed cash flow to meet his input needs for the Kharif season and to tide through until things get better.

I wish to own a warehouse for the agricultural produce.

About Shanker Singad's livelihood

Shanker is an agripreneur who works 6 hours a day for 7 days a week. With this loan Shanker will potentially obtain employment for 273 days.

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

Investee
pays The rate of interest charged to the investee

0.00% flat p.a.

0.00% APR

Social
Investor The rate of return an investor makes

0.00%

0.00% APR

Impact
Partner The rate of return an impact partner makes

up to 0.00%

0.00% APR

Platform
charges The charges, the platform incurs by offering it's services

0.00%

0.00% APR

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

Loan
amount

40,000

Loan
tenure

9 months

Moratorium

None

Repayment
mode

Flexible repayments Repaid during or at the end of the tenure

Investee
occupation

Farming

The credit rating of the investee is arrived at by using a proprietary algorithm that factors in the investee’s credit score and the performance rating of the Impact Partner.

Action for Social Advancement

   view website
Madhya Pradesh
Partner since 2020

About

Action for Social Advancement (ASA) is a grassroots NGO established in 1996 with its head office in Bhopal, Madhya Pradesh. At the heart of the organisation is the aim of developing livelihood security, which is facilitated by an intensive participatory process of natural resources development and local institutional development. ASA has played a key role in land and water resource development, promotion of sustainable farm practices and market linkages for smallholders across 2,200 villages in four states, Madhya Pradesh, Chhattisgarh, Jharkhand, and Bihar.

Impact Narrative

Rang De's interest free loans have been designed to enable small and marginal farmers to access storage for their produce and to meet their expenses for the Kharif season.

Rs 65,72,900

Disbursed

175

Investees

100.0%

Repayments

During a time of disruption and distress caused by the Covid-19 pandemic, Rang De's loans have been accessible, affordable and above all, timely.

- Ashis Mondal, Director, ASA
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3

3000

3

Total: ₹3000

Your Investees

Total Lives Impacted

0

Days of Livelihood

0