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Boraiah Siddiah

#Agripreneur# Gogetter
Stand with Boraiah as he milks opportunities

Agripreneur

Mysuru, Karnataka

40,000 has been disbursed

364 potential days of livelihood i

12,000 is the current outstanding balance

82.35 0 17.65 28000 6000 0

82%

18%

0%


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.

I am working towards making a new agricultural land purchase.

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.

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

 

B

Rang De confidence score

 i


B


Partner
Rating i

B

Loan
Profile i

B

Financial
Profile i

B

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

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