Avila belongs to Kurnool District in Andhra Pradesh. For the past twenty years, he has been working tirelessly as a farmer to earn the bread for his family of two. Due to a disruption in the supply chain, he was unable to purchase seeds and fertilizers required for the sowing season. With the help of some credit, he hopes to continue farming and secure the future of his family. Invest in Avila today!
Avila is an agripreneur who works 8 hours a day for 7 days a week. With this loan Avila 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. Avila Gopal 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
₹ 5,000
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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