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Gurkha Prasad

Reddy

Agripreneur

kurnool, Andhra Pradesh

364 livelihood days

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Gurkha Prasad

Reddy

#passionate#hustler
Support Gurkha Prasad have a profitable season and secure his family’s future.

Agripreneur

Andhra Pradesh

364 potential days of livelihood

₹ 10,000 loan is fully repaid

₹ 10,000 loan is fully repaid

About Gurkha Prasad

Gurkha Prasad needs to begin sowing for the upcoming season. He is from Kurnool, Andhra Pradesh, and lives with a family of three. The disruption due to the COVID-19 crisis has made it difficult for Gurkha Prasad 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 quality seeds and fertilizers and begin the season on time. This will help him to have a successful harvest and fulfilling the needs of his family.

About Gurkha Prasad Reddy's livelihood

Gurkha Prasad is an agripreneur who works 8 hours a day for 7 days a week. With this loan Gurkha Prasad will potentially obtain employment for 364 days.

Interest Rate

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

₹ 10,000

Loan
tenure

8 months

Moratorium

None

Repayment
mode

Flexible repayments

Investee
occupation

Farming

Investee Credit Rating:
Good

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

Proceed to Pay

3

Total: ₹3000

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