Ravikumar belongs to Chikkaballapur district of Karnataka. Being the breadwinner of his family of four, he works extremely hard in his animal husbandry unit to meet the everyday expenses of his family. Now, he wishes to expand his business for earning a better income. He needs a loan for the same and it will be used to purchase another cow for his farm. He will also invest some amount in good quality fodder for his animals. Support Ravikumar today as he wishes for a better life!
V is an agripreneur who works 7 hours a day for 7 days a week. With this loan V will potentially obtain employment for 318 days.
The interest rate charged is split into returns for the social investor, fees for the impact partner and platform charges. V Ravikumar 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
₹ 30,000
Loan
tenure
12 months
Moratorium
None
Repayment
mode
EMI
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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