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Sumangala

logoAgripreneur

logo Kalaburagi, Karnataka

logo 312 livelihood days Number of days of productive livelihood activity that this loan will potentially facilitate

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Sumangala

#dedicated#believer
Invest in Sumangala's farm as she dreams of owning a house someday.

logoAgripreneur

logo Kalaburagi, Karnataka

logo 312 potential days of livelihood Number of days of productive livelihood activity that this loan will potentially facilitate

15,000 loan is fully repaid

15,000 loan is fully repaid


Sumangala is a hardworking woman who runs her small animal husbandry unit in Kalaburagi, Karnataka, where she lives with her family of five. With almost twenty years in the business, Sumangala wishes to expand it and work towards enhancing her income. To do so, she needs to borrow some credit from Rang De as she finds it most affordable and easily accessible. She will use the credit to purchase good quality fodder for her animals. Invest in Sumangala today and help her secure the future of her family.

I wish to build a big house for my family.

About Sumangala 's livelihood

Sumangala is an agripreneur who works 8 hours a day for 6 days a week. With this loan Sumangala 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.

Investee
pays The rate of interest charged to the investee

10.00% flat p.a.

18.00% APR

Social
Investor The rate of return an investor makes

4.00%

7.20% APR

Impact
Partner The rate of return an impact partner makes

up to 4.00%

7.20% APR

Platform
charges The charges, the platform incurs by offering it's services

2.00%

3.60% 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 Equated Monthly Instalment

Investee
occupation

Animal husbandry

The credit rating of the investee is arrived at by using a proprietary algorithm that factors in the investee’s credit score and the performance rating of the Impact Partner.

Vrutti
   

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

Your Investees

Total Lives Impacted

0

Days of Livelihood

0