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Danamdoddy

Yeshappa

Service Entrepreneur

Rangareddy, Telangana

364 livelihood days

Borrower Image 1 Borrower Image 2

Danamdoddy

Yeshappa

#courageous#believer
Support Yeshappa as he electrifies his auto-rickshaw.

Service Entrepreneur

Telangana

364 potential days of livelihood

27,500 loan is fully repaid

27,500 loan is fully repaid


About Danamdoddy

Danamdoddy Yeshappa has picked up driving as a profession and has been doing it for the past fifteen years. Following the growing concerns about pollution and increasing fuel price, he wants to switch to an electric vehicle. He would buy an electric retrofit kit and change his rickshaw from a diesel rickshaw to an electric rickshaw. With this loan, he will be able to switch to an eco-friendly mode of transport, making the environment safer and cleaner. He will also be able to save on fuel costs and increase his income. Support him today!

About Danamdoddy Yeshappa's livelihood

Danamdoddy is a service entrepreneur who works 8 hours a day for 7 days a week. With this loan Danamdoddy 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. Danamdoddy Yeshappa 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

27,500

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