Mohan Kumar is a young man who belongs to Chikkaballapur district of Karnataka. He has been running his animal husbandry business for over seven years to support his family of four. With an aim to enhance his income, he plans to expand his business by adding another sheep to the farm. He needs a loan for the same and it also will be used to get good quality fodder. He hopes for a better income through this expansion. Support Mohan now!
Mohan Kumar is an agripreneur who works 8 hours a day for 7 days a week. With this loan Mohan Kumar 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. Mohan Kumar S has consented to pay the interest as below:
Investee
pays
10.00% flat p.a.
18.00% APR
Social
Investor
4.00%
7.20% APR
Platform
charges
6.00%
10.80% APR
The following section provides a detailed view of the investee loan requirement.
Loan
amount
₹ 20,000
Loan
tenure
12 months
Moratorium
None
Repayment
mode
EMI
Investee
occupation
Animal husbandry
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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