Sigri Bai is very experienced and skilled in farming. With over eighteen years of experience in cultivating her land to support her family of five, Sigri is ready for sowing in the new season as well. But she needs a small interest loan to set up irrigation facilities for her crops. She will use the loan amount to deepen the well on her land. This will ensure water for her crops throughout the season and quality harvest by the end of the season. Invest in Sigri today!
Sigri is an agripreneur who works 5 hours a day for 6 days a week. With this loan Sigri will potentially obtain employment for 195 days.
The interest rate charged is split into returns for the social investor, fees for the impact partner and platform charges. Sigri Bai has consented to pay the interest as below:
Investee
pays
10.00% flat p.a.
18.00% APR
Social
Investor
4.00%
7.20% APR
Platform
charges
6.00%
10.80% APR
The following section provides a detailed view of the investee loan requirement.
Loan
amount
₹ 30,000
Loan
tenure
15 months
Moratorium
None
Repayment
mode
EMI
Investee
occupation
Farming
Established in
2015
With Rang De from
2020
Founded by
SAGI BAI
Registered under the societies registration act on 2nd February 2015, the federation comprises 4000 women. The federation works with the tribal communities of Rajasthan. The main source of income for the communities here is agriculture, stone-cutting and daily wage labour. With a strong presence of moneylenders charging exorbitant rates of interest, these communities have no other choice but to borrow at these rates to keep their business going. Ghoomar has been working tirelessly with these communities to help them build their livelihoods in a more sustainable manner by providing them with access to low cost credit and supporting their livelihood activities.
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