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Mogili

Venu Kumar

Service Entrepreneur

Medchal Malkajgiri, Telangana

364 livelihood days

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Mogili

Venu Kumar

#determined#ambitious
Support Venu Kumar to afford an electric retrofit kit for his auto-rickshaw.

Service Entrepreneur

Telangana

364 potential days of livelihood

23,300 loan is fully repaid

23,300 loan is fully repaid


About Mogili

Mogili Venu Kumar is a very hard-working man who struggles to earn a living for his family of five in Medchal Malkajgiri, Telangana. He earns through his auto-rickshaw which is fuelled by diesel, and is a major expense for him. Due to the high cost of diesel, he hardly will be able to save anything. With small assistance from Rang De, he is looking to convert his diesel auto-rickshaw to an electric auto-rickshaw by purchasing an electric retrofit kit. By this conversion, he can save a lot of money and improve his engine's efficiency and longevity. Furthermore, he will be making his livelihood more sustainable for his family. Invest in him today!

About Mogili Venu Kumar's livelihood

Mogili is a service entrepreneur who works 8 hours a day for 7 days a week. With this loan Mogili 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. Mogili Venu Kumar 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

23,300

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