This farmer has been working hard on their farm for many years. Farming has been the main source of revenue to run the household. With the onset of a new season, there is a requirement of farming necessities like seeds, fertilizers and equipment. The loan amount will help them add value to her produce and reap a quality harvest by the end of the season. The timely disbursal of the loan amount will ensure a profitable season. Invest in them as they support their family.
Manju is an agripreneur who works 7 hours a day for 7 days a week. With this loan Manju will potentially obtain employment for 318 days.
The interest rate charged is split into returns for the social investor, fees for the impact partner and platform charges. Manju Sharma 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
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
Animal husbandry
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.
Share Manju's profile
Invite your family and friends to view Manju's profile on Rang De
