Sharanappa lives with is family of five in Gulbarga, Karnataka, and runs his animal husbandry business for over ten years. Now, with the support from Rang De, Sharanappa hopes to expand his business. He will use the credit to purchase high quality fodder for his animals and spend on maintenance. This will enable him have an increase in income. Support Sharanappa as he wishes to add more animals to his farm!
Sharanappa is an agripreneur who works 9 hours a day for 6 days a week. With this loan Sharanappa will potentially obtain employment for 351 days.
The interest rate charged is split into returns for the social investor, fees for the impact partner and platform charges. Sharanappa 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
₹ 15,000
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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