Dundamma is a marginal farmer from a small village in Ramanagar, Karnataka. Being the sole breadwinner, Dundamma has been working hard, day and night to provide for her family of three. As the new season is around the corner, she wishes to get some support from Rang De to start the cultivation. With the credit, she hopes to purchase fertilizers and seeds and pay for the labour hired on her farm. Help Dundamma for a good season.
Dundamma is an agripreneur who works 5 hours a day for 6 days a week. With this loan Dundamma will potentially obtain employment for 195 days.
The interest rate charged is split into returns for the social investor, fees for the impact partner and platform charges. Dundamma 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
₹ 10,000
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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