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Invest in #WeForYavatmal

After harvesting, a farmer usually has two choices - to sell her/his produce immediately at the prevailing market price (distress selling) or store this produce in quality warehouses to sell when market prices are higher. However, placing their produce in cold storage would mean that they would need affordable and immediate credit to begin the next crop cycle. Traditional banks provide loans in exchange for the storage receipt from the storage space. The farmer can now neither free their produce from the storage space until loan repayment, nor repay the loan from the bank with no produce to sell- thus trapping them in a cycle of debt. Your investment in this fund will be used to provide immediate post-harvest credit to farmers in Yavatmal, through our impact partner Gramheet.

Loan Details

  • Loan Tenure: Between 4-12 months
  • Your returns: Upto 3.6% APR (depends on the crop variety, quantity, and repayment ability of the farmer)
18,89,300 more to go in 24 days

Funds raised

Since 1st September 2019

23,60,700
Raised
1 day ago, H Murali Krishna from Vishakhapatnam invested Rs. 5000
1 day ago, Karunya Reddy from Hyderabad invested Rs. 20000
3 days ago, Anonymous from BHANDARA MAHARASHTRA invested Rs. 1000
3 days ago, our social investor Nitin Dhall invested Rs. 2700
3 days ago, our social investor Nitin Dhall invested Rs. 2700

Impact

Since 1st September 2019

22,50,000
Disbursed
24
Farmers
₹22,50,000 has been disbursed to 24 farmers so far
6 days ago, Rs. 79,000 was disbursed to Pandurang Mahalle from Yavatmal.
6 days ago, Rs. 98,000 was disbursed to Pundlik Gavande from Yavataml.
6 days ago, Rs. 98,000 was disbursed to Virendra Mohan Nagose from Yavatmal.
6 days ago, Rs. 98,000 was disbursed to Rashika Mainde from Yavataml.
6 days ago, Rs. 99,000 was disbursed to Sandip Ghode from Yavataml.

5 loans in progress

5 loans fully funded

42 social investors invested in
#WeForYavatmal

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