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Jogi

Chandra Shekar

Service Entrepreneur

Mahabubnagar, Telangana

273 livelihood days

Borrower Image 1 Borrower Image 2

Jogi

Chandra Shekar

#passionate#achiever
Chandra Shekar is keen to convert his diesel auto-rickshaw to electric one.

Service Entrepreneur

Telangana

273 potential days of livelihood

40,000 loan is fully repaid

40,000 loan is fully repaid


About Jogi

Chandra Shekhar is a hard-working man from Mahabubnagar, Telangana. He has been an auto-rickshaw driver for the past fourteen years. Despite the income that Chandra Shekhar makes, he struggles to meet all his family's needs due to the rising costs of fuel as it uses diesel. He wants to reduce his expenditure by converting the auto-rickshaw to an electric one. He is looking for a loan to purchase an electric retrofit kit for his vehicle. This will enable him to earn and save well and reduce the air pollution caused by his vehicle. Support his mission now!

About Jogi Chandra Shekar's livelihood

Jogi is a service entrepreneur who works 6 hours a day for 7 days a week. With this loan Jogi will potentially obtain employment for 273 days.

Interest Rate

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

40,000

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