For over ten years, Ravikumar has been toiling on his land. He is from Kurnool, Andhra Pradesh. The COVID-19 crisis has put the family of four in great distress. With the sowing season just around the corner, Ravikumar is looking to purchase quality seeds and fertilizers for his farm. The loan will also help him meet all the expenses of the season to ensure a bountiful harvest. Invest in Ravikumar to help him get through these tough times.
Manti is an agripreneur who works 8 hours a day for 7 days a week. With this loan Manti will potentially obtain employment for 364 days.
The interest rate charged is split into returns for the social investor, fees for the impact partner and platform charges. Manti Ravikumar 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
Flexible repayments
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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