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Kalaswamy Nanjundiah

#Solopreneur# Determined
Invest in a happily ever after fairytale

Agripreneur

Mysuru, Karnataka

40,000 has been disbursed

364 potential days of livelihood i

20,000 is the current outstanding balance

66.67 13.33 20 20000 6000 4000

67%

20%

13%


On a bright sunny day in Mysore, we meet Kalaswamy Nanjundiah who works as a farmer in his village of Jayapura. He's a young man who is yet to find the love of his life and working hard to become financially stable before he does. By taking a loan he hopes to buy enough seeds and fertilizers and cover his transport costs during the harvest season. He's committed to enjoying the fruits of labour so he can also support his mother who he takes care of. Invest to mold Kalaswamy's bright future.

I want to increase the produce on my farm.

About Kalaswamy Nanjundiah's livelihood

Kalaswamy is an agripreneur who works 8 hours a day for 7 days a week. With this loan Kalaswamy 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.

Investee
pays i

10.0% flat p.a.

18.0% APR

Social
Investor i

5.0%

9.0% APR

Impact
Partner i

up to 5.0%

9.0% APR

Platform
charges i

0.0%

0.0% APR

The following section provides a detailed view of the investee loan requirement.

Loan
amount

40,000

Loan
tenure

20 months

Moratorium

None

Repayment
mode

EMI i

Investee
occupation

Farming

i :

B

Rang De Credit Rating A B C
What it means Low Risk Medium Risk High Risk

The rating is derived from the following data points.

Credit
bureau
score i

 

B

Rang De confidence score

 i


B


Partner
Rating i

B

Loan
Profile i

B

Financial
Profile i

B

VILD Foundation

Karnataka
Partner since 2019

About

VILD Foundation has been working to improve the socio-economic status of communities through formation and promotion of SHGs, microcredit and facilitating income generation activities. Presently they facilitate around 311 SHGs covering 90 villages & 6 towns in Mysore district.

Impact Narrative

Rang De loans are enabling street vendors, farmers and micro entrepreneurs in rural Mysore to build and grow their businesses.

Rs 14,35,000

Disbursed

85

Investees

97%

Repayments

Rang De's concern towards excluded communities is reflected in the interest rates that are offered to the borrowers.

- N Mahadevswamy, Senior Manager, VILD

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