₹ 2,495.1 is
the current outstanding balance
67%
0%
0%
33%
Sunita is a farmer and a mother at the same time. She is a very determined woman. She is working hard to make her life better. With the help of Rang De's intervention, she wishes to purchase a rain-water harvesting system. The loan will help her to buy the necessary rainwater storage tanks to implement the whole rainwater harvesting system. It will help Sunita save time and water, which will bring her many benefits.
Sunita is an agripreneur who works 5 hours a day for 6 days a week. With this loan Sunita will potentially obtain employment for 195 days.
The interest rate charged is split into returns for the social investor, fees for the impact partner and platform charges. Sunita Naik 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
₹ 7,500
Loan
tenure
15 months
Moratorium
3 months
Repayment
mode
EMI
Investee
occupation
Farming
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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