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Siddaraju

Puttamanchiah

Agripreneur

Mysuru, Karnataka

Loan Written Off

364 livelihood days

Borrower Image 1 Borrower Image 2 Borrower Image 3 Borrower Image 4

Siddaraju

Puttamanchiah

#Agripreneur# Gogetter
Sow seeds of success for Siddaraju

Agripreneur

Karnataka

Loan Written Off

364 potential days of livelihood


About Siddaraju

Hailing from Mysuru Karnataka is Siddaraju Puttamanchiah, his wife Ranamma and his two sons Mahesh and Madhu. Their farm is a sight for the eyes as fresh vegetables flood the terrain. With the dreams of constructing a new house, Siddaraju is looking to save up by improving his harvest. He needs to arrange the finances to buy more seeds, fertilizers and to pay the labour charges. In the long run, the entrepreneur in him wants to purchase another site to expand the business. Become a part of this success story.

About Siddaraju Puttamanchiah's livelihood

Siddaraju is an agripreneur who works 8 hours a day for 7 days a week. With this loan Siddaraju will potentially obtain employment for 364 days.

Interest Rate

The interest rate charged is split into returns for the social investor, fees for the impact partner and platform charges. Siddaraju Puttamanchiah has consented to pay the interest as below:

Investee
pays

10.00% flat p.a.

18.00% APR

Social
Investor

5.00%

9.00% APR

Platform
charges

5.00%

9.00% APR

Loan Details

The following section provides a detailed view of the investee loan requirement.

Loan
amount

40,000

Loan
tenure

20 months

Moratorium

None

Repayment
mode

EMI

Investee
occupation

Farming

Investee Credit Rating:
Very Good

Investee credit rating has been arrived at by our proprietary algorithm which factors in the following parameters: 1. Investee credit bureau scores 2. debt servicing ability

Co-curated and referred by our Impact Partner

Vild Foundation

   
Karnataka
Partner since 2019
Partner logo

About

VILD Foundation, along with its sister organisation Swami Vivekananda Youth Movement, has been working in various sectors of community development for the past 6 years. Formation and promotion of SHGs, microfinance and income generation activities have been part of their interventions for improving the socio-economic status of the communities. Presently they are operational in Mysore district, facilitating around 311 SHGs covering 90 villages & 6 towns. VILD has been working as a business correspondent for Nabfins since March -2015 & has been working with RangDe as a Impact partner since 2013.

Impact Narrative

Rang De loans are enabling street vendors, farmers and micro entrepreneurs in rural Mysore to build and grow their businesses.

Rupees Icon

Rs 14,35,000

Disbursed
User circle icon

85

Investees
Repayment icon

95.0%

Repayments
Left quotes

Rang De's concern towards excluded communities is reflected in the interest rates that are offered to the borrowers.

- N Mahadevswamy, Senior Manager, VILD
RIght quotes
whatsapp_icon

3

3000

3

Total: ₹3000

FUNDS

INDIVIDUALS