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Sumer

Singh

Agripreneur

Mandla, Madhya Pradesh

364 livelihood days

Borrower Image 1 Borrower Image 2 Borrower Image 3

Sumer

Singh

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

Agripreneur

Madhya Pradesh

364 potential days of livelihood

6,100 loan is fully repaid

6,100 loan is fully repaid


About Sumer

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.

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.

Interest Rate

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

Investee
pays

0.00% flat p.a.

0.00% APR

Social
Investor

0.00%

0.00% APR

Platform
charges

0.00%

0.00% APR

Loan Details

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

Investee
occupation

Farming

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

Action for Social Advancement

   view website
Madhya Pradesh
Partner since 2020
Partner logo

About

Action for Social Advancement (ASA) is a grassroots NGO established in 1996 with its head office in Bhopal, Madhya Pradesh. At the heart of the organisation is the aim of developing livelihood security, which is facilitated by an intensive participatory process of natural resources development and local institutional development. ASA has played a key role in land and water resource development, promotion of sustainable farm practices and market linkages for smallholders across 2,200 villages in four states, Madhya Pradesh, Chhattisgarh, Jharkhand, and Bihar.

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.

Rupees Icon

Rs 65,72,900

Disbursed
User circle icon

175

Investees
Repayment icon

100.0%

Repayments
Left quotes

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
RIght quotes
whatsapp_icon

3

3000

3

Total: ₹3000

FUNDS

INDIVIDUALS