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Somi

Bai

Agripreneur

Pali, Rajasthan

195 livelihood days

Borrower Image 1 Borrower Image 2 Borrower Image 3

Somi

Bai

#positive#passionate
Somi needs to get a tubewell for her farm for better irrigation.

Agripreneur

Rajasthan

195 potential days of livelihood

50,000 loan is fully repaid

50,000 loan is fully repaid


About Somi

Somi Bai is a hardworking and honest woman who farms her land to make ends meet. She lives in the district of Pali in Rajasthan, with her family of five members. Although Somi is quite capable of managing her family's income, she is unable to do so in a sustainable manner. As a result, she is looking to get a loan to purchase a tubewell for her land so that she can irrigate and subsequently harvest her land properly. In addition, she will also be able to purchase a new motor and pipe for the tubewell. Invest in Somi Bai as she hopes for better profit this season.

About Somi Bai's livelihood

Somi is an agripreneur who works 6 hours a day for 5 days a week. With this loan Somi will potentially obtain employment for 195 days.

Interest Rate

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

Loan Details

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

Loan
amount

50,000

Loan
tenure

18 months

Moratorium

None

Repayment
mode

EMI

Investee
occupation

Farming

Investee Credit Rating:
Adequate

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

Ghoomar Mahila Samiti
   
Partner logo

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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3

3000

3

Total: ₹3000

FUNDS

INDIVIDUALS