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Somela Jogiraju

#achiever#keen
Somela needs access to storage facilities to safeguard his produce.

Agripreneur

Vizag, Andhra Pradesh

40,000 has been disbursed

273 potential days of livelihood i

40,000 is the current outstanding balance

0 100 0 0 0 40000

0%

0%

100%


Somela has been practicing horticulture for forty years now. He is from Visakhapatnam and lives with a family of six. Due to the unfavourable conditions, his tamarind produce is not selling at a reasonable price. This loan will help him access storage facilities to store his produce and also help him refine the produce with essential processing. Support Somela financially.

I wish to expand my agriculture activity.

About Somela Jogiraju's livelihood

Somela is an agripreneur who works 6 hours a day for 7 days a week. With this loan Somela 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 i

0.0% flat p.a.

0.0% APR

Social
Investor i

0.0%

0.0% APR

Impact
Partner i

up to 0.0%

0.0% APR

Platform
charges i

0.0%

0.0% APR

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

Loan
amount

40,000

Loan
tenure

7 months

Moratorium

None

Repayment
mode

Flexible repayments i

Investee
occupation

Agro products

i :

B

Rang De Credit Rating A B C
What it means Low Risk Medium Risk High Risk

The rating is derived from the following data points.

Credit
bureau
score i

 

A

Rang De confidence score

 i


B


Partner
Rating i

B

Loan
Profile i

B

Financial
Profile i

A

Watershed Support Services and Activities Network

Andhra Pradesh and Telangana
Partner since 2020

About

WASSAN's vision is to establish participatory processes that strengthen Natural Resources Management practices to secure livelihoods of deprived communities, particularly scheduled castes and tribes, in drought prone areas.

Impact Narrative

To protect tribal farmers from falling prices of tamarind, Rang De and WASSAN have partnered to enable tribal farmers to meet the expenses of processing and storing their tamarind produce, while they wait for market conditions to improve.

Rs 24,40,000

Disbursed

71

Investees

57%

Repayments

Accessing credit from banks during the lockdown period has been very difficult in the tribal area. In these trying times, our partnership with Rang De has provided relief.

- Dr. M L Sanyasi Rao, Regional Program Manager, Wassan

0 more to go -305 days remaining

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