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Sonu Devda

#ambitious# hardworking
Sonu wishes to purchase input material for the upcoming season while holding his post-rabi harvest.

Agripreneur

Jhabua, Madhya Pradesh

62,700 Loan is fully repaid

455 potential days of livelihood i


Sonu is a farmer from Jhabua, Madhya Pradesh. His hard work over in the past few months has reaped him a bountiful harvest. To avoid distress selling of his crops, he has decided to hold their crops with an FPO until a fair price for the produce is obtained. The current scenario of the COVID crisis has put his family of six into a tight situation. While he has to make amends for family essentials, the cash flows have been affected tremendously. The loan amount will allow him to meet the immediate cash needs to buy input products for the upcoming Kharif season. Invest in Sonu's dreams.

I wish to buy a bike for myself.

About Sonu Devda's livelihood

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

62,700

Loan
tenure

9 months

Moratorium

None

Repayment
mode

Flexible repayments i

Investee
occupation

Farming

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

No credit history available

 

Rang De confidence score

 i


B


Partner
Rating i

B

Loan
Profile i

B

Financial
Profile i

A

Action for Social Advancement

Madhya Pradesh
Partner since 2020

About

ASA works on leveraging the participatory action of the community to bring about positive developmental changes. While they extensively support agriculture and allied activities like small agri businesses, they also work in the field of watershed management and irrigation development.

Impact Narrative

Rang De's interest free loans have been designed to enable small and marginal farmers to access storage for their produce and to meet their expenses for the Kharif season.

Rs 65,72,900

Disbursed

175

Investees

99%

Repayments

During a time of disruption and distress caused by the Covid-19 pandemic, Rang De's loans have been accessible, affordable and above all, timely.

- Ashis Mondal, Director, ASA

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