false
false 0 0 PY7U57muJX

Mohd

Ismail

logoService Entrepreneur

logo Rangareddy, Telangana

logo 50,000 has been disbursed

logo 409 livelihood days i

b-img b-img

Mohd

Ismail

#positive#hustler
Support Mohd Ismail as he converts his diesel auto rickshaw to electric.

logoService Entrepreneur

logo Rangareddy, Telangana

logo 50,000 has been disbursed

logo 409 potential days of livelihood i

45,828.38 is
the current outstanding balance

100 0 0 4172 0 0

100%

0%

0%


Mohd Ismail is based in Rangareddy in Telangana. For the past fifteen years, he has been working as an auto rickshaw driver and continues to run his business. Now, he wishes to convert his diesel auto rickshaw to electric auto rickshaw, to reduce the environmental damage resulting from his transport business and reduce the fuel costs also. He hopes that this change in technology would bring him better profits and allow him to build a big house for his family in the future. Invest in Mohd Ismail's auto rickshaw and support his drive towards a more profitable future.

I wish to build a big house for my family.

About Mohd Ismail's livelihood

Mohd is a service entrepreneur who works 9 hours a day for 7 days a week. With this loan Mohd will potentially obtain employment for 409 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

 

C

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