Lakshmi is from Chikkaballapur, Karnataka, and has been into animal husbandry for over twelve years. She has the responsibility of providing for a family of six members. With the help of some credit, she can expand her business and work towards securing a future for her family. She plans to purchase a sheep and fodder for it. She earns the living by selling the sheep for meat once it is ready. Invest in Lakshmi today as she needs to support her family!
Lakshmi is an agripreneur who works 6 hours a day for 7 days a week. With this loan Lakshmi will potentially obtain employment for 273 days.
The interest rate charged is split into returns for the social investor, fees for the impact partner and platform charges. Lakshmi Devamma 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
The following section provides a detailed view of the investee loan requirement.
Loan
amount
₹ 20,000
Loan
tenure
12 months
Moratorium
None
Repayment
mode
EQI
Investee
occupation
Animal husbandry
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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