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Kunthuru Narasimhamurthi

#achiever#growth
Kunthuru needs to fund processing and storage costs to hold on to his produce.

Agripreneur

Vizag, Andhra Pradesh

40,000 Loan is fully repaid

364 potential days of livelihood i


Kunthuru has been growing tamarind in Visakhapatnam, Andhra Pradesh for over 18 years. He lives with a family of four. He has a freshly produced batch of tamarind but due to falling prices, he has decided to wait until he can sell it for a reasonable price. He needs credit to access storage facilities and pay for essential labour. This loan will enable him to add value to his produce with further processing and also access cold storage. He can then wait until he is able to sell his produce at a fair price. Invest in Kunthuru as he works hard to tide over this tough time.

I wish to give a good future to my children.

About Kunthuru Narasimhamurthi's livelihood

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

40,000

Loan
tenure

7 months

Moratorium

None

Repayment
mode

Flexible repayments i

Investee
occupation

Agro products

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

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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