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Chandram

Chanda

Service Entrepreneur

Medak, Telangana

364 livelihood days

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Chandram

Chanda

#ambitious#positive
Chandram plans to convert his diesel auto-rickshaw to electric.

Service Entrepreneur

Telangana

364 potential days of livelihood

55,000 loan is fully repaid

55,000 loan is fully repaid


About Chandram

Chandram Chanda works as a transporter by providing an auto-rickshaw service. He has been in this occupation for the last twenty-four years. His main source of income comes from this. But this practice has caused a lot of stress on his health and is straining his financial condition. He wishes to make a few changes in his business practice through a loan. He is looking to convert his Diesel auto-rickshaw to electric, along with installing an electric propulsion retrofit kit. This will help him save on fuel costs, thus increasing his profit margins. He's looking for a loan to pay for the required equipment, technology, and services. He will start moving towards leading a more sustainable life and increasing his income. Invest in Chandram and support him to move in the direction of sustainability, energy security, and a better quality of life for him and his family!

About Chandram Chanda's livelihood

Chandram is a service entrepreneur who works 8 hours a day for 7 days a week. With this loan Chandram 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. Chandram Chanda 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:
Adequate

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