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Arni

Krishna Rao

Service Entrepreneur

Hyderabad, Telangana

455 livelihood days

Borrower Image 1

Arni

Krishna Rao

#dedicated#believer
Krishna Rao plans to convert his auto-rickshaw to electric one.

Service Entrepreneur

Telangana

455 potential days of livelihood

50,000 loan is fully repaid

50,000 loan is fully repaid


About Arni

Arni Krishna Rao is a hard-working man who provides transport services by driving his auto-rickshaw. He is a resident of Hyderabad and this job has been his primary source of income for the past five years. He plans to convert his diesel auto rickshaw to an electric one by installing an electric retrofit kit. With this, he hopes to have a more convenient, safe, and pollution-free mode of transport for his passengers. It will also reduce operational costs. Invest in Krishna Rao as he electrifies his auto rickshaw and enhances his income.

About Arni Krishna Rao 's livelihood

Arni is a service entrepreneur who works 10 hours a day for 7 days a week. With this loan Arni will potentially obtain employment for 455 days.

Interest Rate

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

Investee
pays

8.00% flat p.a.

14.40% APR

Social
Investor

8.00%

14.40% APR

Platform
charges

0.00%

0.00% APR

Loan Details

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

Loan
amount

50,000

Loan
tenure

12 months

Moratorium

None

Repayment
mode

EMI

Investee
occupation

Transport services

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

Racenergy
   
Partner logo

Established in

2018

With Rang De from

2022

Founded by

Arun Sreyas Reddy, Gautham Maheswaran

RACEnergy works with the auto rickshaw driver community to help improve their earnings and quality of life. It does this by helping them transition from diesel auto to electric auto by means of retrofitting their existing vehicles at low cost. RACEnergy primarily builds technology for furthering sustainable mobility in the country.

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3

3000

3

Total: ₹3000

FUNDS

INDIVIDUALS