Ravindra is a young farmer from Chikkaballapur, Karnataka. He lives with his family and provides for them through farming in which he has an experience of six years. Due to the current pandemic it is hard for him to procure the resources for the new season due to the lack of credit. He needs a loan and he will utilize it to buy seeds and fertilizers. Invest in Ravindra today!
Ravindra Babu is an agripreneur who works 8 hours a day for 7 days a week. With this loan Ravindra Babu 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. Ravindra Babu K V 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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