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Boraiah

Siddiah

Agripreneur

Mysuru, Karnataka

Loan Written Off

364 livelihood days

Borrower Image 1 Borrower Image 2 Borrower Image 3 Borrower Image 4 Borrower Image 5

Boraiah

Siddiah

#Agripreneur# Gogetter
Stand with Boraiah as he milks opportunities

Agripreneur

Karnataka

Loan Written Off

364 potential days of livelihood


About Boraiah

Like many of us, Boraiah Siddiah likes to start the day with a glass of farm fresh milk. Not only does this energize him for the day at his farm, but it's also a fruit of his livelihood. Now, empowered Boraiah is envisioning growth and has taken the first steps by seeking a loan from Rang De. He's going to purchase a cow. He sees the purchase as a worthy investment that will yield high returns, enabling him to save up and buy more land to continue farming. Stand with Boriah as he supports his wife and disabled daughter while becoming a financially responsible individual.

About Boraiah Siddiah's livelihood

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

Interest Rate

The interest rate charged is split into returns for the social investor, fees for the impact partner and platform charges. Boraiah Siddiah has consented to pay the interest as below:

Investee
pays

10.00% flat p.a.

18.00% APR

Social
Investor

5.00%

9.00% APR

Platform
charges

5.00%

9.00% APR

Loan Details

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

Investee
occupation

Animal husbandry

Investee Credit Rating:
Good

Investee credit rating has been arrived at by our proprietary algorithm which factors in the following parameters: 1. Investee credit bureau scores 2. debt servicing ability

Co-curated and referred by our Impact Partner

Vild Foundation

   
Karnataka
Partner since 2019
Partner logo

About

VILD Foundation, along with its sister organisation Swami Vivekananda Youth Movement, has been working in various sectors of community development for the past 6 years. Formation and promotion of SHGs, microfinance and income generation activities have been part of their interventions for improving the socio-economic status of the communities. Presently they are operational in Mysore district, facilitating around 311 SHGs covering 90 villages & 6 towns. VILD has been working as a business correspondent for Nabfins since March -2015 & has been working with RangDe as a Impact partner since 2013.

Impact Narrative

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

Rupees Icon

Rs 14,35,000

Disbursed
User circle icon

85

Investees
Repayment icon

95.0%

Repayments
Left quotes

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

- N Mahadevswamy, Senior Manager, VILD
RIght quotes
whatsapp_icon

3

3000

3

Total: ₹3000

FUNDS

INDIVIDUALS