Bairareddy belongs to Chikkaballapur district of Karnataka. He has been running a small animal husbandry unit for over five years there. When the pandemic put him in financial stress, he was unable to arrange fund for his requirements. Now, he needs a loan to expand his business by purchasing a cow and quality cattle fodder. This will enable him enhance his income and provide better for his family. Invest in Bairareddy today for his secure future!
Bairareddy is an agripreneur who works 7 hours a day for 7 days a week. With this loan Bairareddy will potentially obtain employment for 318 days.
The interest rate charged is split into returns for the social investor, fees for the impact partner and platform charges. Bairareddy 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
₹ 30,000
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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