Elakkiya is a resident of Pudukkottai district in Tamilnadu where she lives with her family of four and provides for them through farming. Due to the current pandemic it is hard for her to procure the resources on time for the new season. She will utilize the loan to buy seeds and compost for cultivating paddy on her land, improve her harvest and enjoy a secure life with her family. Invest in Elakkiya today!
Elakkiya is an agripreneur who works 8 hours a day for 7 days a week. With this loan Elakkiya will potentially obtain employment for 364 days.
The interest rate charged is split into returns for the social investor, fees for the impact partner and platform charges. Elakkiya Thuruppathi 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
6 months
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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