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Tirumala

Bheemaiah

Service Entrepreneur

Mahabubnagar, Telangana

455 livelihood days

Borrower Image 1 Borrower Image 2

Tirumala

Bheemaiah

#dedicated#believer
Bheemaiah is keen to electrify his auto-rickshaw.

Service Entrepreneur

Telangana

455 potential days of livelihood

55,000 loan is fully repaid

55,000 loan is fully repaid


About Tirumala

Tirumala Bheemaiah is a hard-working man who knows perseverance, which sets him apart from many others. He lives in Mahabubnagar with his family of four members and has been involved in the transport business for the last ten years. He owns an auto-rickshaw and it is running on diesel. He struggles with the erratic expense of diesel and the high operational costs. He wishes to buy an electric retrofit kit and convert his diesel vehicle to electric and enjoy the benefits like no fuel costs, no emission, and no noise pollution. With a loan from Rang De, Bheemaiah will be able to provide consistent employment to his family. Invest in Bheemaiah as he electrifies his auto-rickshaw and becomes financially secure!

About Tirumala Bheemaiah's livelihood

Tirumala is a service entrepreneur who works 10 hours a day for 7 days a week. With this loan Tirumala will potentially obtain employment for 455 days.

Interest Rate

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