false
false 0 0 FG6j3HQq1E

Mohammed

Imran

Service Entrepreneur

Hyderabad, Telangana

364 livelihood days

Borrower Image 1 Borrower Image 2

Mohammed

Imran

#passionate#achiever
Support Mohammed Imran to electrify his auto rickshaw.

Service Entrepreneur

Telangana

364 potential days of livelihood

55,000 loan is fully repaid

55,000 loan is fully repaid


About Mohammed

Mohammed Imran lives with his family of four in Hyderabad. He owns an auto rickshaw for the past thirteen years and it is his family's primary source of income. He wants to convert his diesel auto rickshaw to an electric-powered vehicle, but the cost of this conversion is quite high. A loan will enable him to afford an electric retrofit conversion kit for his vehicle. It will reduce operational costs and reduce environmental pollution as well. Invest in Mohammed Imran's dream as he converts his existing auto rickshaw into an electric auto rickshaw, earning a greener and safer future for himself, his family, and his community.

About Mohammed Imran's livelihood

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

whatsapp_icon

3

3000

3

Total: ₹3000

FUNDS

INDIVIDUALS