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Basavarju Madiah

#Agripreneur# Energetic
Fuel growth in magical Mysore with Basavarju's vision

Agripreneur

Mysuru, Karnataka

40,000 has been disbursed

364 potential days of livelihood i

4,000 is the current outstanding balance

100 0 0 36000 0 0

100%

0%

0%


Basavarju Madiah is committed to his dream! He wants to construct a house for his family. Having been in the business for almost a decade this agripreneur is ready to step things up. He wants to purchase goats, a decision he knows will help secure his future, and give him the income boost he needs to achieve his lifelong goal. By taking this significant step forward, the agripreneur in him will become more empowered encouraging him to work harder towards the growth of his business. Fund Basavarju’s vision and together fly the kites of his success.

I want to construct a small warm and cozy house for my family.

About Basavarju Madiah's livelihood

Basavarju is an agripreneur who works 8 hours a day for 7 days a week. With this loan Basavarju will potentially obtain employment for 364 days.

The interest rate charged is split into returns for the social investor, fees for the impact partner and platform charges.

Investee
pays i

10.0% flat p.a.

18.0% APR

Social
Investor i

5.0%

9.0% APR

Impact
Partner i

up to 5.0%

9.0% APR

Platform
charges i

0.0%

0.0% APR

The following section provides a detailed view of the investee loan requirement.

Loan
amount

40,000

Loan
tenure

20 months

Moratorium

None

Repayment
mode

EMI i

Investee
occupation

Animal husbandry

i :

B

Rang De Credit Rating A B C
What it means Low Risk Medium Risk High Risk

The rating is derived from the following data points.

Credit
bureau
score i

No credit history available

 

Rang De confidence score

 i


B


Partner
Rating i

B

Loan
Profile i

B

Financial
Profile i

A

VILD Foundation

Karnataka
Partner since 2019

About

VILD Foundation has been working to improve the socio-economic status of communities through formation and promotion of SHGs, microcredit and facilitating income generation activities. Presently they facilitate around 311 SHGs covering 90 villages & 6 towns in Mysore district.

Impact Narrative

Rang De loans are enabling street vendors, farmers and micro entrepreneurs in rural Mysore to build and grow their businesses.

Rs 14,35,000

Disbursed

85

Investees

96%

Repayments

Rang De's concern towards excluded communities is reflected in the interest rates that are offered to the borrowers.

- N Mahadevswamy, Senior Manager, VILD

0 more to go -728 days remaining

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