Nagalakshmi is very experienced in her animal husbandry business. She lives in Chikkaballapur, Karnataka with her family of four. Being the sole breadwinner of her family, Nagalakshmi wishes to expand her business to provide them better. She needs credit to buy a sheep and fodder for her farm. The income she gets by selling the sheep in the market for meat would be used to secure the life of her family members in this pandemic situation. Invest in Nagalakshmi today!
Nagalakshmi is an agripreneur who works 7 hours a day for 7 days a week. With this loan Nagalakshmi will potentially obtain employment for 318 days.
The interest rate charged is split into returns for the social investor, fees for the impact partner and platform charges. Nagalakshmi 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
EQI
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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