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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
  • Interest Rate: Upto 9% APR (depends on the crop variety, quantity, and repayment ability of the farmer)
18,69,000 more to go in 28 days

Funds raised

Since 1st September 2019

19,09,000
Raised
14 hours ago, our social investor Anonymous invested Rs. 1000

Impact

Since 1st September 2019

17,78,000
Disbursed
19
Farmers
₹17,78,000 has been disbursed to 19 farmers so far

5 loans in progress

5 loans fully funded

42 social investors invested in
#WeForYavatmal

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