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Laxmi

Agripreneur

Alwar, Rajasthan

364 livelihood days

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Laxmi

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Laxmi needs credit to purchase a buffalo.

Agripreneur

Rajasthan

364 potential days of livelihood

50,000 loan is fully repaid

50,000 loan is fully repaid


About Laxmi

Laxmi is an experienced farmer from Alwar, Rajasthan. She lives with a family of four and farming provides the income for her family to sustain. She wishes to open a diary farm for an additional income and would like to borrow some credit for the purchase of a buffalo. A little increase in the income would enable Laxmi to pay for her children’s education and secure a stable future for her family. Invest in Laxmi today!

About Laxmi 's livelihood

Laxmi is an agripreneur who works 8 hours a day for 7 days a week. With this loan Laxmi will potentially obtain employment for 364 days.

Interest Rate

The interest rate charged is split into returns for the social investor, fees for the impact partner and platform charges. Laxmi has consented to pay the interest as below:

Investee
pays

6.00% flat p.a.

10.80% APR

Social
Investor

2.00%

3.60% APR

Platform
charges

4.00%

7.20% APR

Loan Details

The following section provides a detailed view of the investee loan requirement.

Loan
amount

50,000

Loan
tenure

24 months

Moratorium

None

Repayment
mode

EMI

Investee
occupation

Farming

Investee Credit Rating:
Good

Investee credit rating has been arrived at by our proprietary algorithm which factors in the following parameters: 1. Investee credit bureau scores 2. debt servicing ability

Co-curated and referred by our Impact Partner

Ibtada
   view website
Partner logo

Established in

1997

With Rang De from

2020

Founded by

Rajesh Singhi

Ibtada, meaning ‘the beginning’, is a not for profit organisation that was started in 1997 to uplift women and girls in the Alwar district of Rajasthan. Rural poverty and deprivation are a major issue grappling the region, and Ibtada has introduced interventions in the space of Education, Financial Inclusion, Livelihood Generation, and Awareness about Rights and Entitlements. Although Ibtada is hand holding women through the process, the ultimate aim is to make them independent and empowered to stand up for themselves. Ibtada has reached over 50,000 households in 400+ villages in Alwar District, Rajasthan.

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3

3000

3

Total: ₹3000

FUNDS

INDIVIDUALS