Mallireddy belongs to Chikkaballapura district of Karnataka. He is a hardworking man and has been running an animal husbandry for the past fifteen years in order to support and earn daily bread for his family of three. With the help of some credit, he wishes to purchase desi birds and invest in better quality bird feed. Invest in Mallireddy today!
Mallireddy is an agripreneur who works 6 hours a day for 7 days a week. With this loan Mallireddy will potentially obtain employment for 273 days.
The interest rate charged is split into returns for the social investor, fees for the impact partner and platform charges. Mallireddy 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
₹ 10,000
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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