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Sumer Singh

#positive#courageous
Sumer needs quality seeds and fertilizers to begin the Kharif season.

Agripreneur

Mandla, Madhya Pradesh

6,100 Loan is fully repaid

364 potential days of livelihood i


Sumer Singh has been farming his land for over ten years now. He is from Mandla, Madhya Pradesh and feeds a family of five. His experiences have taught him many lessons. He is strong and hopeful at the sight of peril. Currently, he is struggling to meet his credit needs. He has to make arrangements for seeds and fertilizers to begin the new Kharif season. The sowing of seeds at the right time is essential. This loan will help him subsist and meet the expenses of all his requirements. Invest in his will to thrive.

I wish to expand my agriculture activity.

About Sumer Singh's livelihood

Sumer is an agripreneur who works 8 hours a day for 7 days a week. With this loan Sumer will potentially obtain employment for 364 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

6,100

Loan
tenure

6 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

 

A

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

100%

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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