Maramma is a farmer from Ramanagar, Karnataka. She has been cultivating her land for over twenty-five long years. As the sole breadwinner of a family of four, Maramma hopes to continue farming and secure her family life. She needs a loan to purchase quality inputs and make arrangements for the upcoming sowing season. This loan would allow her to have a successful season. Invest in Maramma today!
Maramma is an agripreneur who works 5 hours a day for 7 days a week. With this loan Maramma will potentially obtain employment for 227 days.
The interest rate charged is split into returns for the social investor, fees for the impact partner and platform charges. Maramma M 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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