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Maddireddy

#resilient#achiever
Help Maddireddy continue farming and lead a quality life.

Agripreneur

Chikkaballapur, Karnataka

10,000 has been disbursed

364 potential days of livelihood i

10,000 is the current outstanding balance


Maddireddy is an experienced farmer who has been cultivating his four acres of land for over fifteen years. He resides in Chikkaballapur, Karnataka with his family of six and provides for them through farming. But due to the current pandemic, he is facing financial issues and is unable to arrange money for the new season. With the help of the loan from Rang De, Maddireddy can buy quality seeds and fertilizers. The loan will support him in procuring the raw materials and start the season on time. Invest in Maddireddy for a profitable season.

I wish to provide a good education to my children and build a house in the future.

About Maddireddy 's livelihood

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

5.0% flat p.a.

9.0% APR

Social
Investor i

2.0%

3.6% APR

Impact
Partner i

up to 2.0%

3.6% APR

Platform
charges i

1.0%

1.8% APR

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 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

 

C

Rang De confidence score

 i


B


Partner
Rating i

B

Loan
Profile i

B

Financial
Profile i

B

Vrutti

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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