Narayanappa has been into animal husbandry for over five years now. He is from Chikkaballapur, Karnataka and lives with his family of four. He contributes significantly to the family income through his business. He wishes to expand it and needs credit for the same. He will utilize the loan to buy a cow and some fodder for his farm. The loan would support him to have a growth in his business and take better care of his family. Invest in Narayanappa today!
Narayanappa is an agripreneur who works 8 hours a day for 7 days a week. With this loan Narayanappa 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. Narayanappa 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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