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Sumit damodar

Ade

Agripreneur

Yavatmal, Maharashtra

312 livelihood days

Borrower Image 1 Borrower Image 2 Borrower Image 3 Borrower Image 4

Sumit damodar

Ade

#dedicated#passionate
Support Sumit to purchase seeds for his agro products store.

Agripreneur

Maharashtra

312 potential days of livelihood

1,00,000 loan is fully repaid

1,00,000 loan is fully repaid


About Sumit damodar

Sumit comes from Yavatmal, Maharashtra. He has been running an agro-products store for over nine years to support his family of four. In his store, he sells seeds, fertilizers, pesticides, and other essential items needed for farming. Most of the farmers in his area are his customers. Now, with the ill effects of the pandemic, he is struggling to find enough credit to stock up his store. The loan from Rang De will help him to purchase necessary seeds to supply to the farmers. As the new sowing season is starting, he needs to have enough seeds to sell. Support Sumit now to run his business smoothly.

About Sumit damodar Ade's livelihood

Sumit damodar is an agripreneur who works 8 hours a day for 6 days a week. With this loan Sumit damodar will potentially obtain employment for 312 days.

Interest Rate

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

Investee
pays

10.00% flat p.a.

18.00% APR

Social
Investor

4.00%

7.20% APR

Platform
charges

6.00%

10.80% APR

Loan Details

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

Loan
amount

1,00,000

Loan
tenure

12 months

Moratorium

None

Repayment
mode

EMI

Investee
occupation

Agro products

Investee Credit Rating:
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

Agri Entrepreneur Growth Foundation
   
Partner logo

Established in

2019

With Rang De from

2021

Founded by

Syngenta Foundation India and Tata Trust

AGRI ENTREPRENEUR GROWTH FOUNDATION (AEGF) is an independent not-for-profit organization which is registered under Section 8 of the Companies Act, 2013 and was launched on 25th January, 2019. AEGF aims to create a 'development highway' which brings access to appropriate and transformative technologies and services for smallholder farmers in India. AEGF nurture rural youth as agri-entrepreneurs to play an active role in agriculture development in their region by acting as 'one-stop partners' for smallholder farmers AEGF understand the smallholder farmer deeply and provide comprehensive brand-agnostic services to him/her through th rural youth acting as a unifying means. The firm has a vision to create wealth for resource-poor small-holder farmers in India through innovation, sustainable agriculture, and connecting them to value chains. Today, there are 5200 AEs who are currently operational out of a total of 6444 trained AEs under the program, supporting 461764 associated farmers across the nation. The aforementioned farmers collectively manage 727295 acres of land. The AEG Foundation has been certified as one of the best workspaces in India by the Great Place to Work Institute© for 2021.

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3

3000

3

Total: ₹3000

FUNDS

INDIVIDUALS