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www.rangde.org Because every Indian matters.
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Rang De is a pioneering, web-based social initiative with a mission to provide cost effective microcredit to low income households in India.
Through an online microlending platform called RangDe.org, Rang De enables individuals to participatein microcredit by lending as little as Rs. 100.
Since January 2008, Rang De has reached out to over 2500 entrepreneurs across 8 states by lending Rs. 9 million.
Rang De currently funds business and education loans.Rang De is a registered non-profit trust and is head quartered at Chennai.
The organization is funded and supported by the CSO Partners initiative of the ICICI Foundation.
The Rang De Story
How Rang De Works
RangDe.Org partners with MFIs & NGOs to identify borrowers.
The partner organization posts the profile of the borrowers on the website.
Any investor can access online the profiles of the borrowers for the required loan.
The investor can pay either a part or the entire loan amount to the borrower.
When the entire loan amount is raised, the partner receives the money and disburses it to the borrower.
Impact
Borrowers ImpactedBorrowers Impacted 27472747
Social InvestorsSocial Investors 11891189
Corporate Social InvestorsCorporate Social Investors 55
Social Investments RaisedSocial Investments Raised Rs. 1,40,35,200Rs. 1,40,35,200
Social Investments RepaidSocial Investments Repaid Rs. 70,56,217Rs. 70,56,217
Repayment RateRepayment Rate 99%99%
As on 27.03.10
Partner Presence
State Partner
Orissa •Gram Utthan, Kendrapara•Pragati, Puri
Madhya Pradesh
Sambhav, Gwalior
West Bengal SVWSS
Rajasthan Udyogini, Bikaner
Uttar Pradesh BMSKSS, Deoriah
Karnataka •GMASS, Bidar•Karuna Trust, Mysore
Andhra Pradesh
•Roshan Vikas, Hyderabad•Hope, Kurnool
Kerala Hope Foundation, Palakkad
Tamilnadu •ASSCOD, Vandavasi•New Life, Trichy
Maharashtra •CBMD, Nagpur•SAGRAS, Yavatmal
10 States -15 Partners
Rang De Products
Loans for Businesses
These loans are facilitated at a rate of 8.5% flat.
Loans are for income generation activities.
Around 150 different activities funded so far.
Loans for Education
Loans are facilitated at a rate of 5% flat.
Loans are facilitated to fund school fees, stationery, uniform and other expenses.
Loans are facilitated in the form of Education Vouchers.
Schools accept education vouchers in lieu of fees, uniforms and other expenses.
Partner : 5%
Social Investor : 2%
Rang De : 1%
Contingency Fund : 0.5%
Partner : 5%
Social Investor : 2%
Rang De : 1%
Contingency Fund : 0.5%
Partner : 4%
Social Investor : 0%
Rang De : 1%
Contingency Fund : 0%
Partner : 4%
Social Investor : 0%
Rang De : 1%
Contingency Fund : 0%
Rang De Products
Micro Enterprise Loans
These loans will be facilitated at a rate of 10% flat.
Loans will be facilitated for small businesses.
Loan size in excess of Rs.25,000
Contingency Fund : 1%Rang De : 2%Partner : 3%Social Investor : 4%
Contingency Fund : 1%Rang De : 2%Partner : 3%Social Investor : 4%
Stories of Hope
Name : Nita Anil Jamadagne
Occupation: Beauty Parlor, Maharashtra
Borrower Since: 26 Jan 2008
Nita is convinced that every woman can look beautiful. It is this conviction that made her commute long distances to complete her beauty therapy course in Nagpur city. Four years ago Nita set up her own beauty parlour in Pardi, Nagpur. Although her monthly earnings have been a modest Rs800, she trains young girls from the slum areas to help them become independent. Her goal is to widen her customer base and thereby earn more. “And in the process I can help even more women in my area.” says Nita.
Name : Kalpana Bera
Occupation: Goat Rearing, Orissa
Amount Borrowed: Rs.1000
Kalpana is just short of Rs 1000 to buy another goat for her business. For the last 8 years she has shouldered family burdens and contributed financially by rearing sheep and goats. Kalpana spent wisely and managed to save some money for the purchase and a loan to make up for the balance will help her expand business besides boosting her confidence.
Stories of Hope
Name : Purnimarani Bhuyan
Occupation: Selling Fish, Orissa
Amount Borrowed: Rs.2000
Purnima earns at least Rs 3000 every month by selling fish. Her business is sure to do better with more fishing nets and by making wholesale purchase of small fish all of which requires additional capital investment. Shortage of funds has thwarted Purnima’s business plans and she needs a loan to bring in funds and improve her trade.
Stories of Hope
