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Mohd

Ibrahim

Service Entrepreneur

Hyderabad, Telangana

546 livelihood days

Borrower Image 1 Borrower Image 2

Mohd

Ibrahim

#achiever#resilient
Invest in Mohd Ibrahim's plan to electrify his auto-rickshaw.

Service Entrepreneur

Telangana

546 potential days of livelihood

50,000 loan is fully repaid

50,000 loan is fully repaid


About Mohd

Mohd Ibrahim is a man with a big vision! He is a driver by profession and uses his auto-rickshaw for his livelihood and to provide for his family. For the last twenty-five years, he has been using an auto-rickshaw that runs on diesel and pollutes the environment. It also doesn't allow him to save much as the operational costs are high. Now, he is looking to convert his diesel auto-rickshaw to an electric auto-rickshaw using an electric retrofit kit and he's looking for a loan for this cause. Support Mohd Ibrahim as he electrifies his vehicle and enjoys a better income.

About Mohd Ibrahim 's livelihood

Mohd is a service entrepreneur who works 12 hours a day for 7 days a week. With this loan Mohd will potentially obtain employment for 546 days.

Interest Rate

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

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