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Valchand Dhakiya

#victorious# patience
Valchand wishes to hold his harvest as they prepare for the upcoming sowing season.

Agripreneur

Jhabua, Madhya Pradesh

38,700 Loan is fully repaid

78 potential days of livelihood i


Valchand has been farming for over eight years. Throughout this journey, he has faced many ups and downs. With sheer perseverance and determination, he has overcome them all. Recently the Covid crisis has brought challenges that has put the farming community into a peril like never before. Valchand lives in Jhabua, with a family of five, and needs cash immediately to meet the needs of the upcoming sowing season. With the supply chains disrupted, he has not been able to sell his products at a fair price. To avoid distress selling of the crops, he is holding the crops at an FPO. The loan amount will help him with the much-needed cash flow to meet his input needs for the Kharif season and to tide through until things get better.

I wish to expand my agri-business.

About Valchand Dhakiya's livelihood

Valchand is an agripreneur who works 3 hours a day for 4 days a week. With this loan Valchand will potentially obtain employment for 78 days.

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

Investee
pays i

0.0% flat p.a.

0.0% APR

Social
Investor i

0.0%

0.0% APR

Impact
Partner i

up to 0.0%

0.0% APR

Platform
charges i

0.0%

0.0% APR

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

Loan
amount

38,700

Loan
tenure

9 months

Moratorium

None

Repayment
mode

Flexible repayments i

Investee
occupation

Farming

i :

B

Rang De Credit Rating A B C
What it means Low Risk Medium Risk High Risk

The rating is derived from the following data points.

Credit
bureau
score i

No credit history available

 

Rang De confidence score

 i


B


Partner
Rating i

B

Loan
Profile i

B

Financial
Profile i

B

Action for Social Advancement

Madhya Pradesh
Partner since 2020

About

ASA works on leveraging the participatory action of the community to bring about positive developmental changes. While they extensively support agriculture and allied activities like small agri businesses, they also work in the field of watershed management and irrigation development.

Impact Narrative

Rang De's interest free loans have been designed to enable small and marginal farmers to access storage for their produce and to meet their expenses for the Kharif season.

Rs 65,72,900

Disbursed

175

Investees

99%

Repayments

During a time of disruption and distress caused by the Covid-19 pandemic, Rang De's loans have been accessible, affordable and above all, timely.

- Ashis Mondal, Director, ASA

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