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Mohd

Hasan

Service Entrepreneur

Hyderabad, Telangana

273 livelihood days

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Mohd

Hasan

#ambitious#believer
Support Mohd Hasan to afford an electric retrofit kit for his auto-rickshaw.

Service Entrepreneur

Telangana

273 potential days of livelihood

27,500 loan is fully repaid

27,500 loan is fully repaid


About Mohd

Mohd Hasan is a hard-working person who knows perseverance, and this is what sets him apart from many others. He lives in Hyderabad with his family of six and has been working for fourteen years as a rickshaw driver to earn a livelihood for his family. His diesel rickshaw has been his main source of income. Now, he is looking to obtain an electric retrofit kit so that he can convert his auto rickshaw to an electric one. With your support, he will be able to afford the electric retrofit kit, achieve his dream of owning an electric auto rickshaw, and will be able to look after his family. This will reduce its operational costs and do good for the environment as well. Invest in Mohd Hasan today!

About Mohd Hasan's livelihood

Mohd is a service entrepreneur who works 7 hours a day for 6 days a week. With this loan Mohd will potentially obtain employment for 273 days.

Interest Rate

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

27,500

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