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Kalaswamy

Nanjundiah

Agripreneur

Mysuru, Karnataka

Loan Written Off

364 livelihood days

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

Kalaswamy

Nanjundiah

#Solopreneur# Determined
Invest in a happily ever after fairytale

Agripreneur

Karnataka

Loan Written Off

364 potential days of livelihood


About Kalaswamy

On a bright sunny day in Mysore, we meet Kalaswamy Nanjundiah who works as a farmer in his village of Jayapura. He's a young man who is yet to find the love of his life and working hard to become financially stable before he does. By taking a loan he hopes to buy enough seeds and fertilizers and cover his transport costs during the harvest season. He's committed to enjoying the fruits of labour so he can also support his mother who he takes care of. Invest to mold Kalaswamy's bright future.

About Kalaswamy Nanjundiah's livelihood

Kalaswamy is an agripreneur who works 8 hours a day for 7 days a week. With this loan Kalaswamy 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. Kalaswamy Nanjundiah 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

Farming

Investee Credit Rating:
Very 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