Narasimhappa lives in Chikkaballapura, Karnataka where he runs a successful animal husbandry business of twelve years. He, through his business, provides for his family of five and wishes to expand the business so that he can provide better for them. He needs credit to buy some Desi birds and fodder for his farm. The loan would support him in getting an additional income and securing a bright future for his family. Invest in Narasimhappa today!
Narasimhappa is an agripreneur who works 6 hours a day for 7 days a week. With this loan Narasimhappa 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. Narasimhappa 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
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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