Hemanth Kumar P

Borrower profile: He is a farmer and stays with his wife
Loan purpose: To buy seeds and fertilizers to grow bitter gourd
Repayment Source: He is earning Rs.25000/- per month and he is expecting to make profit of Rs. 50000/- after growing the bitter gourd; from this income he will be able to make loan and interest payment around Rs. 32500/-
Borrower's impact: It will help him to invest more in his agriculture activities and have a better standard of living

Requires Rs. 30,000

Raised: Rs. 1,200NEED Rs.28,800

Lending Amount

Loan Details

Loan Amount Rs. 30,000Lenders Return10%
Repayment ModeHALF_YEARMicroGraam Fee *3.00%
No of Installments1Processing Fee **1%
Total Cost to Borrower ***13%
* Charged during loan tenure + applicable GST
** Processing fee paid as part of first installment + applicable GST
*** Annual Percentage Rate + applicable GST