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Mahendra

Lal

Agripreneur

Nainital, Uttarakhand

455 livelihood days

Borrower Image 1 Borrower Image 2 Borrower Image 3

Mahendra

Lal

#gogetter#ambitious
Mahendra needs quality seeds and saplings to begin this season.

Agripreneur

Uttarakhand

455 potential days of livelihood

30,000 loan is fully repaid

30,000 loan is fully repaid


About Mahendra

Mahendra Lal is an experienced farmer. He has toiled on his farm for ten years. Mahendra lives with a family of five and agriculture brings in the income to sustain. There are times when the going gets tough but Mahendra never backs down. Due to a disruption in the supply chain, Mahendra finds it difficult to get essential supplies for the coming season. He aims to cultivate different fruits during this season. With this loan, he will be able to buy quality seeds and fertilizers and it also will support his family through this crisis. Invest in Mahendra and help him tide through these trying times.

About Mahendra Lal's livelihood

Mahendra is an agripreneur who works 10 hours a day for 7 days a week. With this loan Mahendra will potentially obtain employment for 455 days.

Interest Rate

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

Investee
pays

10.00% flat p.a.

18.00% APR

Social
Investor

4.00%

7.20% APR

Platform
charges

6.00%

10.80% APR

Loan Details

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

Loan
amount

30,000

Loan
tenure

24 months

Moratorium

None

Repayment
mode

EMI

Investee
occupation

Agro products

Investee Credit Rating:
Adequate

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

Udhyam Housed Under Agrani India Foundation
   view website
Partner logo

Established in

2017

With Rang De from

2020

Founded by

Pankaj Wadhwa

Udhyam Entrepreneurs' rural entrepreneurship program was conceived by the people working in Uttarakhand to encourage entrepreneurial development in rural communities of the Kumaon region of Uttarakhand. The idea behind the “Changemakers” program is to create entrepreneurs who create jobs and opportunities through mentoring and providing credit. As change agents, they facilitate this idea by being the drivers of change, further in their communities by creating a buzz about entrepreneurship and role models in the community.

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3

3000

3

Total: ₹3000

FUNDS

INDIVIDUALS