₹ 4,164.63 is
the current outstanding balance
92%
0%
0%
8%
Vasant Soma Kanhat has been a farmer for the past twenty years, working hard to make ends meet with limited funds and farming knowledge. He wishes to buy different types of raw materials and inputs for his farm to cultivate in the new season. He plans to adopt new farming strategies, improving his yield. With a loan from Rang De, he can turn his dream into reality and reap a good yield. Invest in Vasant as he makes magic on his farm with the support of a loan.
Vasant Soma is an agripreneur who works 9 hours a day for 7 days a week. With this loan Vasant Soma will potentially obtain employment for 409 days.
The interest rate charged is split into returns for the social investor, fees for the impact partner and platform charges. Vasant Soma Kanhat has consented to pay the interest as below:
Investee
pays
6.00% flat p.a.
10.80% APR
Social
Investor
6.00%
10.80% APR
Platform
charges
0.00%
0.00% APR
The following section provides a detailed view of the investee loan requirement.
Loan
amount
₹ 50,000
Loan
tenure
12 months
Moratorium
None
Repayment
mode
EMI
Investee
occupation
Farming
Established in
2020
With Rang De from
2021
Founded by
Mr. Proteek Kundu
NeevJivan Foundation is a registered Section 8 company (an NGO), working in the area of Skill Development & Vocational Training for our fellow citizens in rural India. It is our endeavor to create opportunities for sustainable livelihood for women and youth with the primary objective of reducing migration to the cities.
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