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Korra Barika

#growth#provider
Korra Barika needs access to storage facilities to safeguard his produce.

Agripreneur

Vizag, Andhra Pradesh

25,000 has been disbursed

364 potential days of livelihood i

25,000 is the current outstanding balance


Korra Barika wishes to produce millets during this sowing season. With over twenty years of experience in the agri field, he is seeking funds to purchase millets and start his cultivation. However, with the persisting uncertainties in the market prices, he wishes to hold on to his produce post harvest to be sold at a competitive price. He also wishes to pay for the processing of the millets with this loan. To avoid mould and spoilage he needs to store his produce in a cold storage facility. Invest in Korra as he continues on with determination.

I wish to build a new house for my family.

About Korra Barika's livelihood

Korra is an agripreneur who works 8 hours a day for 7 days a week. With this loan Korra 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.

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

25,000

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

 

C

Rang De confidence score

 i


B


Partner
Rating i

B

Loan
Profile i

B

Financial
Profile i

A

Watershed Support Services and Activities Network

Andhra Pradesh and Telangana
Partner since 2020

About

WASSAN's vision is to establish participatory processes that strengthen Natural Resources Management practices to secure livelihoods of deprived communities, particularly scheduled castes and tribes, in drought prone areas.

Impact Narrative

To protect tribal farmers from falling prices of tamarind, Rang De and WASSAN have partnered to enable tribal farmers to meet the expenses of processing and storing their tamarind produce, while they wait for market conditions to improve.

Rs 24,40,000

Disbursed

71

Investees

74%

Repayments

Accessing credit from banks during the lockdown period has been very difficult in the tribal area. In these trying times, our partnership with Rang De has provided relief.

- Dr. M L Sanyasi Rao, Regional Program Manager, Wassan

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