Siddappa is a hardworking man who runs his small animal husbandry business at Kalaburagi, Karnataka. With almost sixteen years in the business, Siddappa wants to expand it and work towards enhancing his income. He needs to invest in quality fodder, give better care to his animals and in the maintenance of his farm. He will also use the credit to pay the labour cost. Invest in Siddappa now for his better life!
Siddappa is an agripreneur who works 8 hours a day for 6 days a week. With this loan Siddappa will potentially obtain employment for 312 days.
The interest rate charged is split into returns for the social investor, fees for the impact partner and platform charges. Siddappa Baburao 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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