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Lakshmaiah

Agripreneur

Chikkaballapur, Karnataka

364 livelihood days

Borrower Image 1 Borrower Image 2 Borrower Image 3

Lakshmaiah

#passionate#hustler
Support Lakshmaiah purchase more sheep to his farm and enhance his income.

Agripreneur

Karnataka

364 potential days of livelihood

20,000 loan is fully repaid

20,000 loan is fully repaid


About Lakshmaiah

Lakshmaiah is from Chikkaballapur, Karnataka, and lives there with his family of four. The disruption due to the pandemic made it difficult for Lakshmaiah to run his livelihood and take care of his family. Now, with a low-interest loan from Rang De, he wishes to expand his animal husbandry business by purchasing more sheep for his farm. He will also invest some amount to purchase quality fodder for his animals and provide them better care. He hopes for an increase in income through this expansion and bring back financial stability to the family. Support Lakshmaiah now!

About Lakshmaiah 's livelihood

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

Loan Details

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

Loan
amount

20,000

Loan
tenure

12 months

Moratorium

None

Repayment
mode

EMI

Investee
occupation

Animal husbandry

Investee Credit Rating:
Adequate

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

3

Total: ₹3000

FUNDS

INDIVIDUALS