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Sumangala

Agripreneur

Kalaburagi, Karnataka

312 livelihood days

Borrower Image 1 Borrower Image 2 Borrower Image 3

Sumangala

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

Agripreneur

Karnataka

312 potential days of livelihood

15,000 loan is fully repaid

15,000 loan is fully repaid


About Sumangala

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.

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.

Interest Rate

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

15,000

Loan
tenure

12 months

Moratorium

None

Repayment
mode

EMI

Investee
occupation

Animal husbandry

Investee Credit Rating:
Adequate

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