Meet Sunithamma, a hard-working woman living in Chikkaballapur, Karnataka. Sunithamma has been working as a cattle rearer for the last 10 years, supporting her family of three. She’s now looking to take a step forward with the support of a Rang De loan. Her plan is to purchase sheep, a potentially lucrative asset. She hopes that she will be able to sell the sheep during the festive season. Invest in Sunithamma to see her progress.
Sunithamma is an agripreneur who works 6 hours a day for 7 days a week. With this loan Sunithamma will potentially obtain employment for 273 days.
The interest rate charged is split into returns for the social investor, fees for the impact partner and platform charges. Sunithamma V G 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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