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Soni

Devi Meena

Agripreneur

Tonk, Rajasthan

318 livelihood days

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Soni

Devi Meena

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Soni needs credit to add more buffaloes to her animal husbandry unit.

Agripreneur

Rajasthan

318 potential days of livelihood

50,000 loan is fully repaid

50,000 loan is fully repaid


About Soni

Soni Devi Meena lives in Tonk, Rajasthan with her family of five members. She has been involved in animal husbandry for the past ten years and she owns a few buffaloes. However, she wishes to expand her business even further and add a couple more buffaloes to her farm. With a loan from Rang De, Soni will have the capital she needs to purchase a buffalo. This will allow her to increase the number of animals she is milking and hence increase her income. Invest in Soni as she adds more buffaloes to her business, and enhances her income.

About Soni Devi Meena's livelihood

Soni is an agripreneur who works 7 hours a day for 7 days a week. With this loan Soni will potentially obtain employment for 318 days.

Interest Rate

The interest rate charged is split into returns for the social investor, fees for the impact partner and platform charges. Soni Devi Meena has consented to pay the interest as below:

Investee
pays

8.00% flat p.a.

14.40% APR

Social
Investor

4.00%

7.20% APR

Platform
charges

4.00%

7.20% APR

Loan Details

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

Loan
amount

50,000

Loan
tenure

15 months

Moratorium

None

Repayment
mode

EMI

Investee
occupation

Animal husbandry

Investee Credit Rating:
Very 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

Maitree Mahila Mandal Samiti Dooni
   
Partner logo

Established in

2009

With Rang De from

2020

Founded by

Geeta Devi

Maitree Mahila Mandal Samiti Dooni works with small and marginal farmers from Rajasthan. The major source of income is agriculture and income through migration. The average landholding of farmers that the federation works with is about 1 acre while a few communities are also landless. As a result of lockdown, most of the community members have migrated back to the villages and the means of income is adversely affected. As a result, the cash flows of the community members are hit. These community members are looking for an alternative source of income by reviving their agricultural activities. Maitree supports the communities with the best agriculture and technical practices to ensure a good yield. Maitree Mahila Mandal Samiti Dooni is promoted by SRIJAN.

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3

3000

3

Total: ₹3000

FUNDS

INDIVIDUALS