Jyothi has been cultivating her land for over ten years. Living with her family of four in Ramanagra, Karnataka, she wishes to continue farming on her land in the new season as well. But the current pandemic situation put the family in financial stress and she is unable to arrange credit. She needs a loan to buy quality inputs and prepare the land for sowing. Invest in Jyothi today as she hopes for a good season.
Jyothi is an agripreneur who works 6 hours a day for 6 days a week. With this loan Jyothi will potentially obtain employment for 234 days.
The interest rate charged is split into returns for the social investor, fees for the impact partner and platform charges. Jyothi 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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