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Sumitra

Soren

Agripreneur

Keonjhar, Odisha

318 livelihood days

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Sumitra

Soren

#ambitious#gogetter
Invest in Sumitra to arrange irrigation and pay crop recurring deposits.

Agripreneur

Odisha

318 potential days of livelihood

15,000 loan is fully repaid

15,000 loan is fully repaid


About Sumitra

Sumitra Soren is a farmer hailing from Keonjhar. Supporting her family of five, she earns a living by farming. Sumitra has been a farmer for many years and has produced some excellent quality yield. But this year, she has received a very poor yield due to no good irrigation facilities in the area, leading to less income. With the help of this loan, Sumitra will be able to invest in installing a bore well and make arrangements for drip irrigation on her farm. This way she can irrigate her crops and produce a higher yield, allowing her to make more profit in the coming seasons. She will also pay for the crop recurring deposit and install a solar system also. Invest in Sumitra now!

About Sumitra Soren's livelihood

Sumitra is an agripreneur who works 7 hours a day for 7 days a week. With this loan Sumitra will potentially obtain employment for 318 days.

Interest Rate

The interest rate charged is split into returns for the social investor, fees for the impact partner and platform charges. Sumitra Soren 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

Loan Details

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

Loan
amount

15,000

Loan
tenure

15 months

Moratorium

3 months

Repayment
mode

EMI

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

Collectives for Integrated Livelihood Initiatives
   
Partner logo

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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3

3000

3

Total: ₹3000

FUNDS

INDIVIDUALS