Salma belongs to Chikkaballapur, Karnataka, and lives with her family of five there. She is a hardworking woman and has been running an animal husbandry unit for the past five years to support her family. She needs some credit to purchase a cow and quality fodder as part of expanding her business. She wishes for a better income through this expansion to provide for her family well. Invest in Salma today!
Salma is an agripreneur who works 7 hours a day for 6 days a week. With this loan Salma will potentially obtain employment for 273 days.
The interest rate charged is split into returns for the social investor, fees for the impact partner and platform charges. Salma 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
₹ 30,000
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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