Ashamma is a marginal farmer residing in Gulbarga district of Karnataka. For over fifteen years, farming has been the main source of income for her family of four. Due to a disruption in the supply chain, she is unable to procure essential supplies for the upcoming sowing season. Therefore, she wants to borrow some credit that would allow her to purchase quality seeds, fertilizers and pay for labor services to get her land ready on time. Invest in Ashamma today for a good season.
Ashamma is an agripreneur who works 7 hours a day for 6 days a week. With this loan Ashamma will potentially obtain employment for 273 days.
The interest rate charged is split into returns for the social investor, fees for the impact partner and platform charges. Ashamma has consented to pay the interest as below:
Investee
pays
5.00% flat p.a.
9.00% APR
Social
Investor
2.00%
3.60% APR
Platform
charges
3.00%
5.40% APR
The following section provides a detailed view of the investee loan requirement.
Loan
amount
₹ 10,000
Loan
tenure
8 months
Moratorium
None
Repayment
mode
Flexible repayments
Investee
occupation
Farming
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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