Ravanamma is a successful farmer and a fulltime mother who has been significantly contributing to the family income. She lives in Chikkaballapur, Karnataka with her family of five where she into animal husbandry since the last five years. She needs a loan to purchase sheep and fodder to feed them. This loan would support her in taking care of her family. She will also save up the profits to dig a borewell in time for the next farming season. Invest in Ravanamma today!
Ravanamma is an agripreneur who works 13 hours a day for 7 days a week. With this loan Ravanamma 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. Ravanamma 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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