Venkataravanamma, a resident of the Chikkaballapur district of Karnataka, has been practicing animal husbandry for the past five years. She earns a living for her family of six with the help of his current business. Sadly, the income that comes in from the current business does not allow her to achieve her goals. Therefore, Venkataravanamma requires some credit that he can use to purchase sheep and feed. Invest in her as she works hard for a great future for her family.
Venkataravanamma is an agripreneur who works 9 hours a day for 7 days a week. With this loan Venkataravanamma will potentially obtain employment for 409 days.
The interest rate charged is split into returns for the social investor, fees for the impact partner and platform charges. Venkataravanamma 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
₹ 20,000
Loan
tenure
12 months
Moratorium
None
Repayment
mode
EQI
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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