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Sumithramma

Agripreneur

Chikkaballapura, Karnataka

364 livelihood days

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Sumithramma

#gogetter# dedicated
Sumithramma needs to purchase a herd of sheep.

Agripreneur

Karnataka

364 potential days of livelihood

20,000 loan is fully repaid

20,000 loan is fully repaid


About Sumithramma

Sumithramma, a single mother lives with her son in Chikkaballapura. Due to the pandemic, her working throughout the week wasn't enough to make the ends meet and her son had to lend a helping hand to support her. Having an experience of ten years in the animal husbandry business, Sumithramma has much higher dreams for her son and wants to provide him with the best education that she can. With this loan amount, she will be able to purchase a herd of sheep and feed for them. This will allow her son to focus on his future. Help Sumithramma secure a better future for her son and herself!

About Sumithramma 's livelihood

Sumithramma is an agripreneur who works 8 hours a day for 7 days a week. With this loan Sumithramma 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. Sumithramma 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

Loan Details

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

Loan
amount

20,000

Loan
tenure

12 months

Moratorium

None

Repayment
mode

EQI

Investee
occupation

Animal husbandry

Investee Credit Rating:
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

Vrutti
   
Partner logo

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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3

3000

3

Total: ₹3000

FUNDS

INDIVIDUALS