Impact of E-Rickshaw Finance Companies on Communities

Source: https://revfin.in/

Transcript

1. Impact of E-Rickshaw Finance Companies on Communities
2. Challenges Many drivers depend on rented e-rickshaws, paying ₹300–₹400 per day in rentals, which eats up a large part of their earnings. High rental costs leave drivers with little savings or financial stability. Without access to financing, drivers remain stuck renting instead of building ownership. Documentation gaps and lack of formal credit history make it difficult for drivers to shift from renting to owning.
3. The Role of E-Rickshaw Finance Companies Provide structured loans to drivers who are often new-to-credit. Enable ownership instead of dependence on rented vehicles.
4. Economic Impact on Drivers Steady daily income with asset ownership. Less investment on fuel, increasing profit. Self- employment opportunity for tier-2 and tier-3 cities.
5. Social Impact Empowering first-time borrowers with credit access. Increased dignity and stability for families depend- ent on e-rickshaw earnings. Uplifting the living standards. Giving people opportunities who wish to earn a living.
6. The Revfin Approach ₹ Psychometric assessment for new-to-credit drivers to check intent to repay. Partnerships with OEMs ensure best deals and reliable vehicles. Minimal paperwork and quick disbursal for easy ownership. Insurance & IoT solutions bundled for safer operations.
7. Long-Term Impact ₹ Strengthens local economies through livelihood generation. Accelerates India’s EV adoption goals. Builds inclusive financial ecosystems for underserved communities.
8. Finance More Than Vehicles, Finance Future. Get started: [care@revfin.in] | [www.revfin.in]