Ashoka is a young farmer who belongs to Chikkaballapur district of Karnataka. He has been farming for over eight years to support his family of five. But now, with the support from Rang De, he wishes to purchase some desi birds and feed them. The loan will also be utilized for building a shelter for them. Ashoka hopes to make some additional income from this new venture. Support Ashoka now!
Ashoka is an agripreneur who works 8 hours a day for 7 days a week. With this loan Ashoka 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. Ashoka P 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
₹ 10,000
Loan
tenure
12 months
Moratorium
None
Repayment
mode
EMI
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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