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Shaik

Samaduddin Saberi

Service Entrepreneur

Hyderabad, Telangana

312 livelihood days

Borrower Image 1

Shaik

Samaduddin Saberi

#breadwinner#hardworking
Invest in Shaik Samaduddin's transport services.

Service Entrepreneur

Telangana

312 potential days of livelihood

35,600 loan is fully repaid

35,600 loan is fully repaid


About Shaik

Shaik Samaduddin Saberi is a dynamic and hard-working man who lives in Hyderabad. He is the only breadwinner for his family and makes a meaningful income by running his auto rickshaw for a living. He has been operating his auto rickshaw for the past fifteen years, and this has made him a well-known figure in the city. Now, he wishes to convert his diesel auto rickshaw to an electric one using an electric retrofit kit. With people's demand for shared transport solutions growing, this is the ideal time for Shaik Samaduddin to make this switch to an electric auto rickshaw that reduces pollution and operational cost and makes his income increase. Invest in him and enable him to earn better!

About Shaik Samaduddin Saberi's livelihood

Shaik is a service entrepreneur who works 8 hours a day for 6 days a week. With this loan Shaik will potentially obtain employment for 312 days.

Interest Rate

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

35,600

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.

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3

3000

3

Total: ₹3000

FUNDS

INDIVIDUALS