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Umer Bin

Farook

Agripreneur

Ganderbal, Jammu and Kashmir

Loan Written Off

455 livelihood days

Borrower Image 1 Borrower Image 2

Umer Bin

Farook

#passionate#hustler
Umer Bin needs post harvest credit for his apple produce.

Agripreneur

Jammu and Kashmir

Loan Written Off

455 potential days of livelihood


About Umer Bin

Umer Bin Farook is the owner of an apple farm in Ganderbal, Jammu and Kashmir, and has been doing quite well for himself. Despite the many financial setbacks he has encountered over the years, he is continuing to hold his head high and fight through these. His passion in life is his orchard. He is currently looking to expand his business. Now, he needs some credit to meet the post-harvest expenses of his apple produce. The loan will also enable him to invest in the new season as well. Support Umer Bin as he plans to take his business to new heights!

About Umer Bin Farook's livelihood

Umer Bin is an agripreneur who works 10 hours a day for 7 days a week. With this loan Umer Bin will potentially obtain employment for 455 days.

Interest Rate

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

Investee
pays

8.00% flat p.a.

14.40% APR

Social
Investor

8.00%

14.40% APR

Platform
charges

0.00%

0.00% APR

Loan Details

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

Loan
amount

1,05,100

Loan
tenure

9 months

Moratorium

None

Repayment
mode

EQI

Investee
occupation

Farming

Investee Credit Rating:
Adequate

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

Fruitfal Technologies India Pvt Ltd
   
Partner logo

Established in

2018

With Rang De from

2022

Founded by

Subir, Viresh, Abhishek

Small Indian farmers face huge challenges today - they cultivate amazing harvests but have trouble finding good markets and being paid fairly. The current system of buying and selling denies them access to trade they can trust with long delays in getting paid and leaves them straddled with tremendous debt and post-harvest losses. Fruitfal helps to fix these problems and create a better environment for small farmers.

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3

3000

3

Total: ₹3000

FUNDS

INDIVIDUALS