false
false 0 0 QkHj5e65Cs

Chandram

Chanda

logoService Entrepreneur

logo Medak, Telangana

logo 55,000 has been disbursed

logo 364 livelihood days Number of days of productive livelihood activity that this loan will potentially facilitate

b-img b-img

Chandram

Chanda

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

logoService Entrepreneur

logo Medak, Telangana

logo 55,000 has been disbursed

logo 364 potential days of livelihood Number of days of productive livelihood activity that this loan will potentially facilitate

36,663.12 is
the current outstanding balance

100 0 0 18337 0 0

100%

0%

0%


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!

I wish to build a big house for my 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.

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

Investee
pays The rate of interest charged to the investee

8.00% flat p.a.

14.40% APR

Social
Investor The rate of return an investor makes

8.00%

14.40% APR

Impact
Partner The rate of return an impact partner makes

up to 0.00%

0.00% APR

Platform
charges The charges, the platform incurs by offering it's services

0.00%

0.00% APR

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 Equated Monthly Instalment

Investee
occupation

Transport services

The credit rating of the investee is arrived at by using a proprietary algorithm that factors in the investee’s credit score and the performance rating of the Impact Partner.

Racenergy
   

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.

whatsapp_icon

3

3000

3

Total: ₹3000

Your Investees

Total Lives Impacted

0

Days of Livelihood

0