Papamma comes from the Chikkaballapur district of Karnataka. She is a motivated woman who works hard to provide for her family of three. The income that is brought in by the current business does not suffice for the fulfilment of her dreams. Therefore, with some credit, Papamma will be able to expand her business and purchase a cow and some feed. Invest in Papamma today and help her enjoy a secure future with her family.
Papamma is an agripreneur who works 6 hours a day for 7 days a week. With this loan Papamma 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. Papamma 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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