Desi Seed Producer Company Group
Praveen (standing with his hand raised) has pursued his B.Sc Plant Biology and MBA Environmental Management from a reputed institution in Tamil Nadu. Since 2012, he has been closely working with seed producers across Karnataka, strengthening community seed supply systems under a SWISSAID project. He is residing in a rented house at Bangalore with his brother while his father and mother stay in a village in Tamil Nadu.
The ten group members require a loan for the procurement and marketing of traditional seeds for an organic village project under the Karnataka Agriculture Dept. A total of 27 hobli (defined as a cluster of adjoining villages administered together for tax and land tenure purposes in the states of Karnataka) require seeds worth Rs.8 lakhs.
More information about this loan
This loan is designed to enable farmers to earn a sustainable living from the production of traditional grains and local products. It was made possible through MicroGraam’s partnership with Sahaja Samrudha, an organic farmer's collective. By funding this loan, you are ensuring that rural farmers in India use efficient agricultural practices and receive fair prices for the goods produced.
Important note about this loanDue to Indian government regulations, if you fund this loan, you will not be repaid for at least 3 years. This borrower will likely repay your loan much sooner than that, in which case, the Field Partner may re-loan your funds to help other local borrowers. We want you to be aware of this minimum 3-year waiting period and the associated risks before making a loan to Indian borrowers on Kiva. Learn More >
Additionally, this loan may be post-disbursed, in which case this borrower will only receive the loan after it has been 100% funded by Kiva lenders. Because it is difficult to predict when a loan will be fully funded, the disbursement date may have been estimated by the Field Partner and may be inaccurate by several days or weeks.
MicroGraam is a Bangalore-based, crowd-funding lending platform that aims to promote development and growth throughout India by providing underserved populations with access to formal loan capital.
In order to provide critical capital in remote areas of India, MicroGraam collaborates with various partners located across the country, applying a structure very similar to Kiva’s. The organizations currently provide clients -- most of whom are women -- with three types of loans: (1) agricultural loans, (2) educational loans, and (3) microenterprise loans.
Kiva lenders’ funds will enable MicroGraam to forge new partnerships with important social organizations, connecting more rural areas with critical access to capital.
This is a Group Loan
In a group loan, each member of the group receives an individual loan but is part of a larger group of individuals. The group is there to provide support to the members and to provide a system of peer pressure, but groups may or may not be formally bound by a group guarantee. In cases where there is a group guarantee, members of the group are responsible for paying back the loans of their fellow group members in the case of delinquency or default.
Kiva's Field Partners typically feature one borrower from a group. The loan description, sector, and other attributes for a group loan profile are determined by the featured borrower's loan. The other members of the group are not required to use their loans for the same purpose.
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This loan has been fully funded!