Alavelamma is a resident of the Chikkaballapura district of Karnataka. She has been into animal husbandry for the past ten years. Since the current business does not provide a sufficient income for her family, Alavelamma is determined to expand her business and purchase a cow and some fodder to feed it. Through the expansion, she will be able to provide a quality life to her family and also build a home for them someday. Invest in Alavelamma today!
Alavelamma is an agripreneur who works 6 hours a day for 7 days a week. With this loan Alavelamma 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. Alavelamma 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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