Lakshmidevi is a hardworking woman who has mastered the field of farming and is now on her way to become an expert in animal husbandry. She lives in Chikkaballapur district of Karnataka where she has been running her animal husbandry business of five years. She needs credit to buy a sheep and fodder for her farm. This will allow her to expand her business and give her the opportunity to grow. Invest in Lakshmidevi today!
Lakshmidevi is an agripreneur who works 8 hours a day for 7 days a week. With this loan Lakshmidevi 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. Lakshmidevi 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
₹ 20,000
Loan
tenure
12 months
Moratorium
None
Repayment
mode
EQI
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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