Framing for over twelve years, Nagappa is determined to cultivate his land despite the current pandemic also. Being the breadwinner of his family of four, Nagappa works extremely hard to meet the everyday expenses of his family. He requires some credit to invest and purchase agri inputs for the upcoming cultivation season. This loan will also equip him to pay for the labour. Invest in Nagappa today for a better season.
Nagappa is an agripreneur who works 8 hours a day for 6 days a week. With this loan Nagappa will potentially obtain employment for 312 days.
The interest rate charged is split into returns for the social investor, fees for the impact partner and platform charges. Nagappa 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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