Meet Ashwini, a hard-working woman living in Chikkaballapur, Karnataka. Ashwini has been working as a farmer for the last twenty years, supporting her family of five. She’s now looking to take a step forward with the support of a Rang De loan. Her plan is to purchase sheep, a potentially lucrative asset. She hopes that she will be able to sell her sheep for meat during the upcoming festive season. Invest in Ashwini to see her progress.
Ashwini is an agripreneur who works 6 hours a day for 7 days a week. With this loan Ashwini 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. Ashwini 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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