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Gammili

Padal

Agripreneur

Vizag, Andhra Pradesh

234 livelihood days

Borrower Image 1 Borrower Image 2

Gammili

Padal

#believer#courageous
Padal needs to fund processing and storage costs to hold on to his produce.

Agripreneur

Andhra Pradesh

234 potential days of livelihood

40,000 loan is fully repaid

40,000 loan is fully repaid


About Gammili

Padal has been growing tamarind in Jallurumetta for over 18 years now. He lives with a family of six. 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 has used credit for processing his produce and needs credit to access storage facilities and pay for essential labour. The loan amount will enable him to add quality to his produce with further processing and access cold storage. He can wait until he is able to sell his produce at a profitable price. Invest in Padal as he works hard to tide over this tough time.

About Gammili Padal's livelihood

Gammili is an agripreneur who works 6 hours a day for 6 days a week. With this loan Gammili will potentially obtain employment for 234 days.

Interest Rate

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

Investee
pays

0.00% flat p.a.

0.00% APR

Social
Investor

0.00%

0.00% APR

Platform
charges

0.00%

0.00% APR

Loan Details

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

Investee
occupation

Farming

Investee Credit Rating:
Excellent

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

Watershed Support Services and Activities Network

   
Delhi
Partner since 2020
Partner logo

About

WASSAN’s vision is to establish participatory processes through a network approach that strengthens Natural Resources Management (NRM) practices to secure livelihoods of deprived communities in drought-prone areas. They engage and empower economically disadvantaged communities, particularly scheduled castes and tribes, in projects covering water management, crop management, afforestation, pasture/fodder development, rural energy management, soil, and land management, and the scope of their activities include capacity building, institutional development, networking, and advocacy. They have worked intensely with communities from Andhra Pradesh, Telangana, and Odisha.

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.

Rupees Icon

Rs 24,40,000

Disbursed
User circle icon

71

Investees
Repayment icon

100.0%

Repayments
Left quotes

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
RIght quotes
whatsapp_icon

3

3000

3

Total: ₹3000

FUNDS

INDIVIDUALS