Ravanappa lives in Chikkaballapura, Karnataka with his family of four. He is a farmer with an experience of twelve years and wishes to step into animal husbandry to gain an additional income. For that he would need some credit since theCOVID-19 situation made him financially struggle. He will utilize the loan to buy a cow and fodder. The loan would support him in taking better care of his family. Invest in Ravanappa today!
Ravanappa is an agripreneur who works 6 hours a day for 7 days a week. With this loan Ravanappa 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. Ravanappa V 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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