false
false 0 0 HcePVrNXyL

Mohammed

Sardar

logoService Entrepreneur

logo K.V Rangareddy, Telangana

logo 50,000 has been disbursed

logo 318 livelihood days i

b-img b-img

Mohammed

Sardar

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

logoService Entrepreneur

logo K.V Rangareddy, Telangana

logo 50,000 has been disbursed

logo 318 potential days of livelihood i

50,000 is
the current outstanding balance


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.

I wish to lead a better life with my family.

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.

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

Investee
pays i

8.00% flat p.a.

14.40% APR

Social
Investor i

8.00%

14.40% APR

Impact
Partner i

up to 0.00%

0.00% APR

Platform
charges i

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 i

Investee
occupation

Transport services

i :

B

Rang De Credit Rating A B C
What it means Low Risk Medium Risk High Risk

The rating is derived from the following data points.

Credit bureau score i

 

A

Rang De confidence score

 i


B

Partner Rating i

B

Loan Profile i

A

Financial Profile i

B

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