Sugna has been involved in animal husbandry for the past three years and earns an income to support her family. In order to enhance her income, she plans to expand her farm of goats. With a loan from Rang De, she wishes to purchase a few more goats and add them to her farm. This expansion will improve her business and provide her with a better income. Support Sugna and make an investment in her for this purpose.
Sugna is an agripreneur who works 4 hours a day for 6 days a week. With this loan Sugna will potentially obtain employment for 156 days.
The interest rate charged is split into returns for the social investor, fees for the impact partner and platform charges. Sugna has consented to pay the interest as below:
Investee
pays
7.00% flat p.a.
12.60% APR
Social
Investor
3.00%
5.40% APR
Platform
charges
4.00%
7.20% APR
The following section provides a detailed view of the investee loan requirement.
Loan
amount
₹ 40,000
Loan
tenure
18 months
Moratorium
2 months
Repayment
mode
EQI
Investee
occupation
Animal husbandry
Established in
2002
With Rang De from
2022
Founded by
Seema - Prakash
Spandan Samaj Sewa Samiti is a grassroots NGO working among the lesser known and nutritionally vulnerable Korku tribe in Khandwa district of MP. The key focus area is Food Security and Nutrition. With that regard we are currently trying to enhance the livelihood of marginalized families. The major areas considered are goatery and nano enterprises and women empowerment.
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