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Somanath

Agripreneur

Kalaburagi, Karnataka

312 livelihood days

Borrower Image 1 Borrower Image 2 Borrower Image 3

Somanath

#passionate#hustler
Support Somanath purchase another cow and expand his animal husbandry business.

Agripreneur

Karnataka

312 potential days of livelihood

30,000 loan is fully repaid

30,000 loan is fully repaid


About Somanath

Somanath resides in Kalaburagi, Karnataka, with his family of four. He toils hard at his animal husbandry to make ends meet. With over six years of experience in the business, he aspires to expand it now to enhance his income and provide better for his family. He needs a loan and he will utilize it to purchase another cow. The loan amount will also be utilized to cover the transportation and other miscellaneous expenses. Invest in Somanath today.

About Somanath 's livelihood

Somanath is an agripreneur who works 8 hours a day for 6 days a week. With this loan Somanath will potentially obtain employment for 312 days.

Interest Rate

The interest rate charged is split into returns for the social investor, fees for the impact partner and platform charges. Somanath 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

Loan Details

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

Investee Credit Rating:
Good

Investee credit rating has been arrived at by our proprietary algorithm which factors in the following parameters: 1. Investee credit bureau scores 2. debt servicing ability

Co-curated and referred by our Impact Partner

Vrutti
   
Partner logo

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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3

3000

3

Total: ₹3000

FUNDS

INDIVIDUALS