Shilpa is a marginal farmer from Ramanaga, Karnataka. Shilpa has been working hard, day and night in order to earn the daily bread and meet the everyday expenses for her family of five. With the help of some credit, she wishes to continue farming despite the pandemic situation. She will use the credit to purchase inputs and make other arrangements for the season. Help Shilpa have a good yield.
Shilpa is an agripreneur who works 5 hours a day for 7 days a week. With this loan Shilpa will potentially obtain employment for 227 days.
The interest rate charged is split into returns for the social investor, fees for the impact partner and platform charges. Shilpa Muddyya has consented to pay the interest as below:
Investee
pays
5.00% flat p.a.
9.00% APR
Social
Investor
2.00%
3.60% APR
Platform
charges
3.00%
5.40% APR
The following section provides a detailed view of the investee loan requirement.
Loan
amount
₹ 10,000
Loan
tenure
8 months
Moratorium
None
Repayment
mode
Flexible repayments
Investee
occupation
Farming
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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