Umayal has been farming for over twenty years along with animal husbandry. She has been working tirelessly all these years to earn the daily bread and butter for her family of three. With the onset of a new season, Umayal wishes to purchase better inputs and hire labour. She hopes that this season would bring a profitable yield and she would we able to support her family better.
Umayal is an agripreneur who works 8 hours a day for 7 days a week. With this loan Umayal will potentially obtain employment for 364 days.
The interest rate charged is split into returns for the social investor, fees for the impact partner and platform charges. Umayal V 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
₹ 5,000
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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