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Bhaskar

Reddy Dhammannagari

Service Entrepreneur

Hyderabad, Telangana

364 livelihood days

Borrower Image 1 Borrower Image 2

Bhaskar

Reddy Dhammannagari

#go-getter#ambitious
Bhaskar plans to convert his diesel auto-rickshaw to an electric one.

Service Entrepreneur

Telangana

364 potential days of livelihood

50,000 loan is fully repaid

50,000 loan is fully repaid


About Bhaskar

Bhaskar Reddy Dhammannagari is a hard-working man who knows perseverance, and this is what sets him apart from many others. He lives with his family of four in Hyderabad and is an auto-rickshaw driver. His auto-rickshaw now runs using diesel which is expensive and heavily pollutes the environment because of its high emissions. He is looking to convert his auto rickshaw to electric power by installing an electric motor and battery to reduce his costs and help the environment. Invest in Bhaskar as he converts his diesel auto-rickshaw to electric power, and enjoys clean and cheaper driving at his own convenience.

About Bhaskar Reddy Dhammannagari's livelihood

Bhaskar is a service entrepreneur who works 8 hours a day for 7 days a week. With this loan Bhaskar 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. Bhaskar Reddy Dhammannagari 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