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Shanker

Negi

Agripreneur

Kinnaur, Himachal Pradesh

Loan Written Off

455 livelihood days

Borrower Image 1

Shanker

Negi

#ambitious#positive
Shanker needs credit to meet the post-harvest expenses of his apples.

Agripreneur

Himachal Pradesh

Loan Written Off

455 potential days of livelihood


About Shanker

Shanker Negi is a hardworking farmer who's been growing apples for the past twelve years. He owns an acre of land in Kinnaur, where he lives with his family. His apple orchards bear fruit twice a year and the post-harvest expenses need to be taken care of immediately. This is where Shanker needs a credit facility. With an aim to expand his farming business and improve his apple production, he wants to get a loan from Rang De to meet the expenses. Support Shanker as he gets his orchards ready for the planting season, and looks after various other farm-related expenses.

About Shanker Negi's livelihood

Shanker is an agripreneur who works 10 hours a day for 7 days a week. With this loan Shanker will potentially obtain employment for 455 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

65,000

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