A R Somashekhar is a resident of the Chikkaballapur district of Karnataka. Life is hard but he works hard to provide for his family of four. Being the sole breadwinner of his family, Somashekhar has a lot of responsibilities on his shoulders. He needs to borrow some money so that he can purchase some desi birds and feed. This will allow him to raise his income and to fulfill his dream of building a home. Invest in Somashekhar today and help him enjoy a quality life.
A R is an agripreneur who works 7 hours a day for 7 days a week. With this loan A R will potentially obtain employment for 318 days.
The interest rate charged is split into returns for the social investor, fees for the impact partner and platform charges. A R Somashekhar 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
₹ 10,000
Loan
tenure
12 months
Moratorium
None
Repayment
mode
EQI
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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