Annappa is a marginal farmer who belongs to the Kalaburagi district of Karnataka. Being the sole breadwinner of his family of four, Annappa requires some support to procure essential products required for the upcoming sowing season. He will use the credit to purchase quality inputs and hire help for his farm. Invest in Annappa and help him become an established farmer.
Annappa is an agripreneur who works 8 hours a day for 6 days a week. With this loan Annappa 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. Annappa 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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