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Virendra Maida

#hardworking# ambitious
Virendra wishes to purchase input material, while holding his post-rabi harvest.

Agripreneur

Jhabua, Madhya Pradesh

51,500 Loan is fully repaid

455 potential days of livelihood i


Virendra is a hard-working farmer. Toiling hard for the past months, he had been hoping to sell his harvest at a reasonable price. However, with the supply lines disrupted, he has been struggling to sell off the produce. To avoid distress selling, he has decided to hold their produce at an FPO until the market stabilizes and a fair price is obtained. However, his immediate cash needs still remains unmet. Virendra lives with a family of four and is from Jhabua, Madhya Pradesh. The loan amount will help him receive the much-needed cash to help meet the expenses incurred in the purchase of input products for the Kharif season. Invest in Virendra today.

I wish to build a new house for my parents.

About Virendra Maida's livelihood

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

51,500

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

A

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

100%

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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