Meenatchi has been farming for over for ten years. She lives with her family of four in Pudukkottai district of Tamil Nadu. The current pandemic situation has made it hard for her to procure resources on time for the upcoming sowing season. She needs credit to buy seeds and fertilizers, and pay for the labour. The loan would allow her to have a good farming year and provide for her family better. Invest in Meenatchi today!
Meenatchi is an agripreneur who works 8 hours a day for 7 days a week. With this loan Meenatchi 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. Meenatchi Natarajan 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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