Akkamma's fifteen years in the animal husbandry business has her chasing her dreams. The humble mother wants to purchase some sheeps with the help of credit so she can support her family. Her dream is to sell the sheep in the market when they are matured enough for meat. This will give her a profit. She hopes the additional income will ease the financial burden on her husband, who has been working tirelessly to make ends meet for the family. Lend a helping hand to Akkamma today.
Akkamma is an agripreneur who works 8 hours a day for 7 days a week. With this loan Akkamma will potentially obtain employment for 364 days.
The interest rate charged is split into returns for the social investor, fees for the impact partner and platform charges. Akkamma N has consented to pay the interest as below:
Investee
pays
10.00% flat p.a.
18.00% APR
Social
Investor
4.00%
7.20% APR
Platform
charges
6.00%
10.80% APR
The following section provides a detailed view of the investee loan requirement.
Loan
amount
₹ 20,000
Loan
tenure
12 months
Moratorium
None
Repayment
mode
EQI
Investee
occupation
Animal husbandry
Established in
2002
With Rang De from
2020
Founded by
Raghunathan Narayanan
Vrutti is a centre for sustainable livelihoods enhancing people’s well-being through knowledge, innovation and transformative actions. They work through an ecosystem approach integrating and delivering services that empower small producers and marginalized grow their way out of poverty and uncertainty and to be 3 times more profitable.
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