Radha lives with her parents in Chikkaballapur, Karnataka. She is a motivated woman who has been providing for her family through her animal husbandry business. She wishes to take over her father's responsibilities and needs support to do the same. She needs credit to buy sheep and feed them properly. This loan would help her in providing better for her family.
Radha is an agripreneur who works 13 hours a day for 7 days a week. With this loan Radha will potentially obtain employment for 591 days.
The interest rate charged is split into returns for the social investor, fees for the impact partner and platform charges. Radha V 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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