Chikka Narasimhappa belongs to Chikkaballapur district of Karnataka. He has been running his animal husbandry business for over five years to look after his family of three. With the help of some credit, he hopes to purchase a cow and cattle fodder as part of expanding his business. He hopes for an increase in income to be able to build a new house in the future. Invest in Chikka Narasimhappa today for his better life!
Chikka Narasimhappa is an agripreneur who works 7 hours a day for 7 days a week. With this loan Chikka Narasimhappa 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. Chikka Narasimhappa 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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