Mangamma lives with her family of four in Chikkaballapur, Karnataka. She believes that with hard-work and resilience, she can fulfill her dreams. Mangamma needs credit to buy a sheep and fodder for it. She would sell the sheep for meat in the market and earn the living from the profit she makes from that. Invest in Mangamma today and help her expand her business so that she can build a home for her family and enjoy a quality life with them.
Mangamma is an agripreneur who works 6 hours a day for 7 days a week. With this loan Mangamma 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. Mangamma K 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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