Lakshmi is successful in her animal husbandry business of last twenty years apart from being a dedicated full- time mother. She wishes to expand her business and needs credit for the same. She needs a loan to purchase a cow for her farm and make arrangements for feeding it properly. This loan would help her in growing professionally and providing for her family better. Support Lakshmi's dreams.
Lakshmi is an agripreneur who works 8 hours a day for 7 days a week. With this loan Lakshmi 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. Lakshmi has consented to pay the interest as below:
Investee
pays
10.00% flat p.a.
18.00% APR
Social
Investor
4.00%
7.20% APR
Platform
charges
6.00%
10.80% APR
The following section provides a detailed view of the investee loan requirement.
Loan
amount
₹ 30,000
Loan
tenure
12 months
Moratorium
None
Repayment
mode
EMI
Investee
occupation
Animal husbandry
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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