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Ravi Krishna

Kolipaka

Service Entrepreneur

Hyderabad, Telangana

312 livelihood days

Borrower Image 1 Borrower Image 2

Ravi Krishna

Kolipaka

#positive#passionate
Invest in Ravi Krishna as he purchases an electric retrofit kit for is auto-rickshaw.

Service Entrepreneur

Telangana

312 potential days of livelihood

22,800 loan is fully repaid

22,800 loan is fully repaid


About Ravi Krishna

Ravi Krishna Kolipaka is a very determined person; he works hard to meet his family's needs. Auto rickshaw is the main source of income for him and he has been riding it for over seventeen years. He wishes to purchase an electric retrofit kit for his auto rickshaw so as to reduce his expenses on fuel as well as maintenance costs. The kit will enable him to convert his diesel auto rickshaw to an electric-powered auto rickshaw. Ravi Krishna hopes that his family’s dreams will come true with the support of our loan. Become a part of this change and invest in his business.

About Ravi Krishna Kolipaka's livelihood

Ravi Krishna is a service entrepreneur who works 8 hours a day for 6 days a week. With this loan Ravi Krishna will potentially obtain employment for 312 days.

Interest Rate

The interest rate charged is split into returns for the social investor, fees for the impact partner and platform charges. Ravi Krishna Kolipaka 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

22,800

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