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Chenchu

Sreenivasulu

Agripreneur

Kurnool, Andhra Pradesh

312 livelihood days

Borrower Image 1 Borrower Image 2 Borrower Image 3

Chenchu

Sreenivasulu

#provider#resilient
Sreenivasulu requires credit to purchase agri inputs for the timely cultivation.

Agripreneur

Andhra Pradesh

312 potential days of livelihood

5,000 loan is fully repaid

5,000 loan is fully repaid


About Chenchu

Chenchu Sreenivasulu has been farming his land for over ten years now. He is from Kurnool, Andhra Pradesh, and feeds a family of four. His experiences have taught him many lessons. He is strong and hopeful at the sight of peril. Currently, he is struggling to meet his credit needs. He has to make arrangements for seeds and fertilizers to begin the new sowing season. The sowing of seeds at the right time is essential. This loan will help him subsist and meet the expenses of all his requirements. Invest in his will to thrive.

About Chenchu Sreenivasulu's livelihood

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

Interest Rate

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

Loan Details

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

Investee Credit Rating:
Adequate

Investee credit rating has been arrived at by our proprietary algorithm which factors in the following parameters: 1. Investee credit bureau scores 2. debt servicing ability

Co-curated and referred by our Impact Partner

Vrutti
   
Partner logo

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

FUNDS

INDIVIDUALS