Manjula has been running her small animal husbandry unit in Chikkabalapura, Karnataka, for over eight years. She struggles to meet her household expenses especially due to the effect of the pandemic. She wishes to expand her animal husbandry business by purchasing one more cow and enhance her income through this to be able to provide for her family well. She will also invest some amount in quality fodder for her animals. Support Manjula now!
Manjula is an agripreneur who works 6 hours a day for 7 days a week. With this loan Manjula 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. Manjula 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
₹ 30,000
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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