false
false 0 0 JRnvAhVjrS

Katravath

Devuja

logoService Entrepreneur

logo Mahabubnagar, Telangana

logo 50,000 has been disbursed

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

b-img b-img

Katravath

Devuja

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

logoService Entrepreneur

logo Mahabubnagar, Telangana

logo 50,000 has been disbursed

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

37,498.14 is
the current outstanding balance

100 0 0 12502 0 0

100%

0%

0%


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!

I wish to give a good future to my children.

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.

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

50,000

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