For over eight years, Manjula has been toiling on her land. Manjula is from Mysuru. The COVID-19 crisis has put Manjula and her husband in great distress. With the sowing season just round the corner, Manjula is looking to purchase some fertilizers and employ labourers on her farm. The loan will help her purchase quality fertilizers and hire help on her farm to ensure a bountiful harvest. Invest in Manjula to help her get through these tough times.
Manjula is an agripreneur who works 7 hours a day for 6 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 Somegowda has consented to pay the interest as below:
Investee
pays
0.00% flat p.a.
0.00% APR
Social
Investor
0.00%
0.00% APR
Platform
charges
0.00%
0.00% APR
The following section provides a detailed view of the investee loan requirement.
Loan
amount
₹ 12,000
Loan
tenure
6 months
Moratorium
None
Repayment
mode
EMI
Investee
occupation
Farming
VILD Foundation, along with its sister organisation Swami Vivekananda Youth Movement, has been working in various sectors of community development for the past 6 years. Formation and promotion of SHGs, microfinance and income generation activities have been part of their interventions for improving the socio-economic status of the communities. Presently they are operational in Mysore district, facilitating around 311 SHGs covering 90 villages & 6 towns. VILD has been working as a business correspondent for Nabfins since March -2015 & has been working with RangDe as a Impact partner since 2013.
Rang De loans are enabling street vendors, farmers and micro entrepreneurs in rural Mysore to build and grow their businesses.
Rs 14,35,000
Disbursed
85
Investees
95.0%
Repayments
Rang De's concern towards excluded communities is reflected in the interest rates that are offered to the borrowers.
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