false
false 0 0

Siddaraju Puttamanchiah

#Agripreneur# Gogetter
Sow seeds of success for Siddaraju

Agripreneur

Mysuru, Karnataka

40,000 has been disbursed

364 potential days of livelihood i

26,000 is the current outstanding balance

38.89 44.44 16.67 14000 6000 16000

39%

17%

44%


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.

I wish to save up to construct a new home.

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.

The interest rate charged is split into returns for the social investor, fees for the impact partner and platform charges.

Investee
pays i

10.0% flat p.a.

18.0% APR

Social
Investor i

5.0%

9.0% APR

Impact
Partner i

up to 5.0%

9.0% APR

Platform
charges i

0.0%

0.0% APR

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 i

Investee
occupation

Farming

i :

B

Rang De Credit Rating A B C
What it means Low Risk Medium Risk High Risk

The rating is derived from the following data points.

Credit
bureau
score i

 

B

Rang De confidence score

 i


B


Partner
Rating i

B

Loan
Profile i

B

Financial
Profile i

B

VILD Foundation

Karnataka
Partner since 2019

About

VILD Foundation has been working to improve the socio-economic status of communities through formation and promotion of SHGs, microcredit and facilitating income generation activities. Presently they facilitate around 311 SHGs covering 90 villages & 6 towns in Mysore district.

Impact Narrative

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

Rs 14,35,000

Disbursed

85

Investees

96%

Repayments

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

- N Mahadevswamy, Senior Manager, VILD

0 more to go -725 days remaining

added to cart