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Budigineni

Madhavaiah

logoAgripreneur

logo Kurnool, Andhra Pradesh

logo 312 livelihood days Number of days of productive livelihood activity that this loan will potentially facilitate

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Budigineni

Madhavaiah

#believer#strength
Help Madhavaiah have a quality life through the cultivation of his land.

logoAgripreneur

logo Kurnool, Andhra Pradesh

logo 312 potential days of livelihood Number of days of productive livelihood activity that this loan will potentially facilitate

10,000 loan is fully repaid

10,000 loan is fully repaid


Madhavaiah needs to begin sowing for the new season. He is from Kurnool, Andhra Pradesh, and lives with a family of four. The recent disruption due to the COVID-19 crisis has made it difficult for Madhavaiah to procure essential supplies. He is falling short of options and time is ticking. With the help of this loan, he will be able to buy the quality seeds and fertilizers required and begin the season on time. This will help him to have a successful harvest and fulfilling the needs of his family.

I wish to open an organic outlet for my produce.

About Budigineni Madhavaiah's livelihood

Budigineni is an agripreneur who works 8 hours a day for 6 days a week. With this loan Budigineni will potentially obtain employment for 312 days.

The interest rate charged is split into returns for the social investor, fees for the impact partner and platform charges.

Investee
pays The rate of interest charged to the investee

5.00% flat p.a.

9.00% APR

Social
Investor The rate of return an investor makes

2.00%

3.60% APR

Impact
Partner The rate of return an impact partner makes

up to 2.00%

3.60% APR

Platform
charges The charges, the platform incurs by offering it's services

1.00%

1.80% 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 Repaid during or at the end of the tenure

Investee
occupation

Farming

The credit rating of the investee is arrived at by using a proprietary algorithm that factors in the investee’s credit score and the performance rating of the Impact Partner.

Vrutti
   

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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3

3000

3

Total: ₹3000

Your Investees

Total Lives Impacted

0

Days of Livelihood

0