EMI On Mangoes: Meet Gaurav Sanas, Pune Man Who Wants To Make King Of Fruits ‘Affordable’

EMI (Equated Monthly Instalment) is a vital idea within the area of finance, significantly within the context of loans and credit score. EMI is the fastened quantity {that a} borrower has to pay to the lender every month to repay the mortgage quantity together with the curiosity over the mortgage tenure.

Several client durables are being purchased by individuals with EMI other than huge purchases like house, automobile or financing training.

However, with the costs of Alphonso mangoes eye-wateringly excessive, a dealer in Pune in Maharashtra is providing the king of fruits on EMI.

If fridges and air-conditioners could be bought on instalments, why not mangoes, information company PTI quoted Gaurav Sanas of Gurukripa Traders and Fruit Products, as saying.

Also Read: EMI for six Years A Preferred Choice for Salaried Car Buyers

Alphonso or ‘Hapus’ mangoes from Devgad and Ratnagiri within the state’s Konkan area, thought-about to be the most effective, are at the moment being offered at Rs 800 to 1300 per dozen within the retail market.

Sanas claimed his household’s outlet is the primary to promote mangos on EMI in the entire nation.

“The costs are at all times very excessive in the beginning of the season. We thought if fridges, ACs and different home equipment could be purchased on EMI, why not mangoes? Everyone can afford mangoes as properly,” he said.

The procedure for buying the fruit at his outlet on EMI is similar to buying mobile phones on instalments. The customer needs to use a credit card and the purchase amount is converted into EMIs of three, six or 12 months.

But the scheme is available for a minimum purchase of Rs 5,000, Sanas said, adding four consumers had availed of the scheme so far.

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