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Katravath

Devuja

Service Entrepreneur

Mahabubnagar, Telangana

364 livelihood days

Borrower Image 1 Borrower Image 2

Katravath

Devuja

#resilient#achiever
Invest in Katravath Devuja and his auto-rickshaw.

Service Entrepreneur

Telangana

364 potential days of livelihood

50,000 loan is fully repaid

50,000 loan is fully repaid


About Katravath

Katravath Devuja lives in Mahabubnagar, Telangana with his family of six members. For the past eight years, he has been a driver and wishes to incorporate sustainable means of transportation and energy conservation into his life. He owns a diesel-powered auto rickshaw but wishes to convert it to an electric auto rickshaw using an electric retrofit kit. This will allow him to save on diesel and drive with a cleaner conscience. It will reduce the running and maintenance costs of his vehicle as well. Support Devuja as he plans to enhance his income!

About Katravath Devuja's livelihood

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

50,000

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