Sharanbasappa has been running his animal husbandry business for over twelve years to support his family of four. The pandemic made a bad impact on Sharanbasappa's life and it put him financially down. Now, with some financial support from Rang De, he wishes to expand his business and work towards enhancing his income. Invest in Sharanbasappa as he needs to make his family financially stable.
Sharanbasappa is an agripreneur who works 6 hours a day for 5 days a week. With this loan Sharanbasappa will potentially obtain employment for 195 days.
The interest rate charged is split into returns for the social investor, fees for the impact partner and platform charges. Sharanbasappa Raikodi 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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