Sumitra is a hardworking woman from Keonjhar, Odisha. Sumitra's small animal husbandry business is not bringing in enough money. If she has this loan, she will be able to start a poultry business in her backyard and be able to sell more eggs for supplementary income. The loan will also help her get good-quality fodder for her birds. Help Sumitra to start her poultry farm to improve her business earnings. Invest in Sumitra's dream and contribute to developing her family.
Sumitra is an agripreneur who works 4 hours a day for 6 days a week. With this loan Sumitra 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. Sumitra Hembram has consented to pay the interest as below:
Investee
pays
3.00% flat p.a.
5.40% APR
Social
Investor
2.00%
3.60% APR
Platform
charges
1.00%
1.80% APR
The following section provides a detailed view of the investee loan requirement.
Loan
amount
₹ 8,000
Loan
tenure
9 months
Moratorium
3 months
Repayment
mode
EMI
Investee
occupation
Animal husbandry
Established in
2007
With Rang De from
2021
Founded by
TODO
Collectives for Integrated Livelihood Initiatives(CInI), Janshedpur,, established on May 17,2007 is a nodal agency of tata trusts, anchoring the Central India Initiatives. CInI aims to transform the lives of tribal households in the Central India tribal belts, through building knowledge & scaling up programs in thematic area of agriculture productivity stabilization, forest based livelihoods, water resources development, drinking water & sanitization, microfinance & strengthening community based organisation. CInI work on Lakhpati Kisan Initiatives: creating 'Lakhpati Kisan' & building 'Smart Villages'
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