false
false 0 0 yyTQp7kaGU

Podni

Anjaneyulu

logoService Entrepreneur

logo Medchal, Telangana

logo 55,000 has been disbursed

logo 468 livelihood days Number of days of productive livelihood activity that this loan will potentially facilitate

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Podni

Anjaneyulu

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

logoService Entrepreneur

logo Medchal, Telangana

logo 55,000 has been disbursed

logo 468 potential days of livelihood Number of days of productive livelihood activity that this loan will potentially facilitate

36,663.12 is
the current outstanding balance

100 0 0 18337 0 0

100%

0%

0%


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.

I wish to enjoy a secure future with my family.

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.

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

Investee
pays The rate of interest charged to the investee

8.00% flat p.a.

14.40% APR

Social
Investor The rate of return an investor makes

8.00%

14.40% APR

Impact
Partner The rate of return an impact partner makes

up to 0.00%

0.00% APR

Platform
charges The charges, the platform incurs by offering it's services

0.00%

0.00% APR

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 Equated Monthly Instalment

Investee
occupation

Transport services

The credit rating of the investee is arrived at by using a proprietary algorithm that factors in the investee’s credit score and the performance rating of the Impact Partner.

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