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Mohammed

Sardar

Service Entrepreneur

K.V Rangareddy, Telangana

318 livelihood days

Borrower Image 1 Borrower Image 2

Mohammed

Sardar

#ambitious#positive
Support Mohammed Sardar's mission to electrify his auto rickshaw.

Service Entrepreneur

Telangana

318 potential days of livelihood

50,000 loan is fully repaid

50,000 loan is fully repaid


About Mohammed

Mohammed Sardar owns a transport services business in K.V Rangareddy. He has been in the business for the past nineteen years and wishes to expand his business more. His diesel auto rickshaw is a regular sight in the city and his services are in great demand. He needs to purchase an electric retrofit kit and convert his diesel auto rickshaw to an electric auto rickshaw. With this change, he will be able to reduce the operational costs of his vehicle significantly and also reduce air pollution. Invest in Mohammed Sardar as he purchases an electric auto rickshaw to expand his business and improve his city's environment.

About Mohammed Sardar's livelihood

Mohammed is a service entrepreneur who works 7 hours a day for 7 days a week. With this loan Mohammed will potentially obtain employment for 318 days.

Interest Rate

The interest rate charged is split into returns for the social investor, fees for the impact partner and platform charges. Mohammed Sardar 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:
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