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Kanchu

Charan Pattanayak

Service Entrepreneur

K.V. Rangareddy, Telangana

546 livelihood days

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Kanchu

Charan Pattanayak

#resilient#hustler
Charan plans to electrify his auto-rickshaw.

Service Entrepreneur

Telangana

546 potential days of livelihood

55,000 loan is fully repaid

55,000 loan is fully repaid


About Kanchu

Kanchu Charan Pattanayak lives in K.V. Rangareddy with his family. He makes a living by running an auto-rickshaw for many years. His income is dependent on his customers' ability to pay and also on the fuel and operational costs of his vehicle. He is looking to convert his diesel-powered auto rickshaw to an electric auto rickshaw using an electric retrofit kit, thereby reducing expenses and increasing profit. Let's support Charan to electrify his auto-rickshaw, save on costs, and provide for a brighter future for his family.

About Kanchu Charan Pattanayak 's livelihood

Kanchu is a service entrepreneur who works 12 hours a day for 7 days a week. With this loan Kanchu 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. Kanchu Charan Pattanayak 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