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Syed

Ayub

Service Entrepreneur

Hyderabad, Telangana

312 livelihood days

Borrower Image 1 Borrower Image 2

Syed

Ayub

#breadwinner#hardworking
Syed Ayub plans to convert his auto-rickshaw to electric one.

Service Entrepreneur

Telangana

312 potential days of livelihood

35,600 loan is fully repaid

35,600 loan is fully repaid


About Syed

Syed Ayub has been running his transport business for the past sixteen years. He runs his business on his own and has been able to provide for the needs of his family through his earnings. He is a hard-working man who loves his business and has always worked towards making it reach new heights. It has been his dream to expand his business and reach new horizons. With the increasing cost of commuting, Ayub is looking to convert his auto-rickshaw to electric. This is both a more effective and environmentally friendly way to commute, especially his expenses will be significantly reduced once riding on an electric auto-rickshaw. Invest in Ayub financially to afford an eclectic retrofit kit for his vehicle.

About Syed Ayub's livelihood

Syed is a service entrepreneur who works 8 hours a day for 6 days a week. With this loan Syed 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. Syed Ayub 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