Lalithamma has been running an animal husbandry business for over ten years to support her family of four. Now, to overcome the ill effects of the pandemic, Lalithamma plans to expand her business and needs some credit for the same. She will use the credit to purchase some poultry and fodder for them. She hopes for an increase in income through this expansion. Support Lalithamma now!
Lalithamma is an agripreneur who works 8 hours a day for 7 days a week. With this loan Lalithamma 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. Lalithamma 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
₹ 10,000
Loan
tenure
12 months
Moratorium
None
Repayment
mode
EMI
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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