₹ 26,663.33 is
the current outstanding balance
33%
17%
0%
50%
Sumntra Bai lives in Khandwa with her husband and 3 children and is currently engaged in animal husbandry. Sumntra has been working for the past 7 years and has recently decided to try her hand at animal husbandry. She is requesting a loan to purchase a few goats, and plans to use the profits from the animals to focus on dairy farming. Invest in Sumtara Bai as she begins her new ventures and purchase additional animals.
Sumntra is an agripreneur who works 6 hours a day for 7 days a week. With this loan Sumntra will potentially obtain employment for 273 days.
The interest rate charged is split into returns for the social investor, fees for the impact partner and platform charges. Sumntra Bai has consented to pay the interest as below:
Investee
pays
7.00% flat p.a.
12.60% APR
Social
Investor
3.00%
5.40% APR
Platform
charges
4.00%
7.20% APR
The following section provides a detailed view of the investee loan requirement.
Loan
amount
₹ 40,000
Loan
tenure
18 months
Moratorium
2 months
Repayment
mode
EQI
Investee
occupation
Animal husbandry
Established in
2002
With Rang De from
2022
Founded by
Seema - Prakash
Spandan Samaj Sewa Samiti is a grassroots NGO working among the lesser known and nutritionally vulnerable Korku tribe in Khandwa district of MP. The key focus area is Food Security and Nutrition. With that regard we are currently trying to enhance the livelihood of marginalized families. The major areas considered are goatery and nano enterprises and women empowerment.
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