Amarnath is a marginal farmer who lives in Kalaburagi district of Karnataka. For over five years, farming has been the main source of income for his family of three. He needs some support for the purchase of quality seeds, fertilizers, and to meet the harvesting expenses for the upcoming season. With the timely disbursal of the loan amount, Amarnath hopes to enhance his income and become a sustainable farmer. Invest in Amarnath today!
Amarnath is an agripreneur who works 8 hours a day for 6 days a week. With this loan Amarnath will potentially obtain employment for 312 days.
The interest rate charged is split into returns for the social investor, fees for the impact partner and platform charges. Amarnath 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
₹ 10,000
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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