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Podni

Anjaneyulu

Service Entrepreneur

Medchal, Telangana

468 livelihood days

Borrower Image 1 Borrower Image 2

Podni

Anjaneyulu

#ambitious#achiever
Invest in Anjaneyulu as he converts his auto rickshaw to electric.

Service Entrepreneur

Telangana

468 potential days of livelihood

55,000 loan is fully repaid

55,000 loan is fully repaid


About Podni

Anjaneyulu has been working as an auto-rickshaw driver for the past eight years in and around Medchal. With his expertise in this field, he wishes to change his auto-rickshaw to a fully electric vehicle. For this, he needs a loan to invest in an electric retrofit kit and convert his vehicle to electric. With his investment, he'll be able to avoid running into problems like lack of fuel or expensive repair costs, as well as avoid getting fined for excessive pollution. This will also save money on diesel and tune-ups. Support Anjaneyulu and his livelihood.

About Podni Anjaneyulu's livelihood

Podni is a service entrepreneur who works 12 hours a day for 6 days a week. With this loan Podni will potentially obtain employment for 468 days.

Interest Rate

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

55,000

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