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Bhavani

Venu Gopal

Service Entrepreneur

Ranga Reddi, Telangana

546 livelihood days

Borrower Image 1 Borrower Image 2

Bhavani

Venu Gopal

#passionate#achiever
Support Venu Gopal to afford an electric conversion kit for his auto-rickshaw.

Service Entrepreneur

Telangana

546 potential days of livelihood

55,000 loan is fully repaid

55,000 loan is fully repaid


About Bhavani

Venu Gopal is an auto-rickshaw driver who has been in his profession for the past eleven years. He operates an auto rickshaw that runs on diesel and makes only a small profit to support his family. He has to spend a large share of his income on fuel and other operational costs. However, shifting to an electric vehicle requires a significant investment in the purchase of an electric retrofit kit. A loan will support him in purchasing an electric retrofit kit for his auto-rickshaw and save on fuel costs. This shift will also reduce environmental pollution. These additional savings will allow him to take care of his family's needs on time and lead a happy life. Support Venu Gopal's mission!

About Bhavani Venu Gopal 's livelihood

Bhavani is a service entrepreneur who works 12 hours a day for 7 days a week. With this loan Bhavani will potentially obtain employment for 546 days.

Interest Rate

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

55,000

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