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Manjula Somegowda

#ambitious# gogetter
Manjula needs to purchase input credits to ensure a continuity to her farming activity.

Agripreneur

Mysuru, Karnataka

12,000 has been disbursed

273 potential days of livelihood i

4,000 is the current outstanding balance

66.67 33.33 0 8000 0 4000

67%

0%

33%


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.

I wish to construct a new house.

About Manjula Somegowda's livelihood

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.

Investee
pays i

0.0% flat p.a.

0.0% APR

Social
Investor i

0.0%

0.0% APR

Impact
Partner i

up to 0.0%

0.0% APR

Platform
charges i

0.0%

0.0% 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 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

 

A

Rang De confidence score

 i


B


Partner
Rating i

B

Loan
Profile i

A

Financial
Profile i

A

VILD Foundation

Karnataka
Partner since 2019

About

VILD Foundation has been working to improve the socio-economic status of communities through formation and promotion of SHGs, microcredit and facilitating income generation activities. Presently they facilitate around 311 SHGs covering 90 villages & 6 towns in Mysore district.

Impact Narrative

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

96%

Repayments

Rang De's concern towards excluded communities is reflected in the interest rates that are offered to the borrowers.

- N Mahadevswamy, Senior Manager, VILD

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