Manjunatha has been working hard on their farm for many years. Farming has been the main source of revenue to run the household. With the onset of a new season, there is a requirement of farming necessities like seeds, fertilizers and equipment. The loan amount will help him add value to his produce and reap a quality harvest by the end of the season. The timely disbursal of the loan amount will ensure a profitable season. Invest in Manjunatha as he has to support his family.
Manjunatha is an agripreneur who works 6 hours a day for 7 days a week. With this loan Manjunatha 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. Manjunatha N has consented to pay the interest as below:
Investee
pays
5.00% flat p.a.
9.00% APR
Social
Investor
2.00%
3.60% APR
Platform
charges
3.00%
5.40% 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
EMI
Investee
occupation
Farming
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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