₹ 26,664 is
the current outstanding balance
40%
0%
20%
40%
Vimla Bai is a resourceful businesswoman who is clear in her goal to educate her children and give them a secure future. Currently involved in dairy farming and animal husbandry, she wishes to improve her business by adding more goats to the animal husbandry unit that she owns. She believes she'll be able to purchase more goats through a loan from Rang De and expand her business. Invest in Vimla as she looks forward to a more stable business and income!
Vimla is an agripreneur who works 8 hours a day for 7 days a week. With this loan Vimla will potentially obtain employment for 364 days.
The interest rate charged is split into returns for the social investor, fees for the impact partner and platform charges. Vimla 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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