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J

Srinu

Service Entrepreneur

Hyderabad, Telangana

312 livelihood days

Borrower Image 1 Borrower Image 2

J

Srinu

#positive#courageous
Support Srinu for the electric conversion of his auto-rickshaw.

Service Entrepreneur

Telangana

312 potential days of livelihood

55,000 loan is fully repaid

55,000 loan is fully repaid


About J

Srinu operates his auto-rickshaw as a transport service in the city of Hyderabad and has been doing so for more than twenty-two years. He is highly determined and driven toward his goals. He dreams of expanding his transport services and wishes to convert his auto-rickshaw from diesel to electric. Through the investment of this loan, he will purchase a retrofit kit and convert his auto rickshaw to drive solely on electricity. His auto-rickshaw will emit zero emissions, which will reduce the carbon footprint. It will also reduce the expenses of running it and increase his income gradually. Support Srinu as he takes a new step!

About J Srinu's livelihood

J is a service entrepreneur who works 8 hours a day for 6 days a week. With this loan J 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. J Srinu 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:
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