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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 micro lending platform called
RangDe.Org, Rang De enables individuals to participate
in microcredit by lending as little as Rs. 100.
Rang De is a registered non-profit trust and is head
quartered at Chennai. The organization is funded and
supported by the CSO Partners and ICICI Foundation.
About Rang De
VISION
To 'Make Poverty History in India'
MISSION
To enable individuals in Indiaand the world to connect withlow income households byparticipating in microcredit in aholistic and sustainable mannerthrough an online platform thatis transparent and accountable.
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.
Raising Capital
Individual social Investments
Any individual can lend as little as Rs.100 by
simply registering online and choosing a
borrower of his/her choice.
Corporate social investments
A corporate can participate by allocating a
budget from their CSR funds. The funds will be
deployed as loans to micro-entrepreneurs.
Rang De Partners
Rang De partners are grass root level non-profit organisations (NPOs) and MicrofinanceInstitutions (MFIs), having strong presence inthe community.
The partners are taken on board after athorough due diligence process.
Due diligence process involves review offinancial and other records followed by a fieldvisit by Rang De staff.
Rang De partners act as disbursement andcollection agents and cannot levy chargesother than prescribed by Rang De and agreedas per the agreement.
Currently, Rang De has 18 Field Partners withoperations in 10 states.
Rang De Entrepreneurs
Name : Sabita UpadhyayPlace : Puri, OrissaLoan availed : Rs.5,000Disbursed on : 25.08.2009Business : Coconut salesLoan status : Repaying
Sabita supplies her coconut stock at a
temple and also to some coolies who sell
them for her. She has a 10 month old
baby and 2 girls going to school. She is
eager to earn more for the family and a
second loan of a larger sum from Rang
De can increase her earning capacity.
Rang De Entrepreneurs
Name : Kanakama RediPlace : Puri, OrissaLoan availed : Rs.5,000Disbursed on : 21 Feb 2009Business : Vegetable vendorLoan status : Repaid
A vegetable shop owner in Puri
Kanakama works from 8.00 am until
late night. Unfortunately lack of funds
force her to buy the vegetables on
credit at higher rate. She used the
Rang De loan to buy vegetables at
wholesale rates to increase her profit
margins.
Name : Kabita KhatuaPlace : Kendrapara, OrissaLoan availed : Rs.4,000Disbursed on : 8 July 2009Business : FishingLoan status : Repaid
Kabita has 4 small children, 2 of whom
attend school. With the Rang De loan
Kabita can secure a new ice drum and
fishing nets and also repair and
service her motor boat. This will
certainly help her and her husband
continue their trade successfully.
Rang De Entrepreneurs
Rang De Entrepreneurs
Name : Baban JenaPlace : Kendrapara, OrissaLoan availed : Rs.4,000Disbursed on : 4 May 2009Business : Bamboo basket weavingLoan status : Repaid
Baban makes bamboo baskets and sell them
for a living. She possesses the necessary skills
but lacks the money to buy the raw
materials. The Rang De loan helped her start
her business and make a fair amount of
profit.
Rang De Entrepreneurs
Name : Sebati JenaPlace : Kendrapara, OrissaLoan availed : Rs. 2,000Disbursed on : 20 Nov 2009Business : Bamboo basket weavingLoan status : Repaying
Sebati keeps herself busy throughout the
day making craft items using bamboo. She
manages to sell her ware at a margin and
the money she makes is a great relief to her
family with 2 daughters and a son. Rang De
loan will make her business sustainable.
Name : Kamala DasPlace : Kendrapara, OrissaLoan availed : Rs.1,000Disbursed on : 20 Nov 2009Business : Bamboo basket weavingLoan status : Repaying
Kamala is a small entrepreneur who
makes a living by selling craft items made
from bamboo. Golden grass, rope and
some equipment is frequently needed in
Kamala’s trade and Rang De loan will help
her meet these constant business
demands.
Rang De Entrepreneurs
Rang De Loans
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.
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
Partner : 5%
Social Investor : 2%
Rang De : 1%
Contingency Fund : 0.5%
Contingency Fund : 1%Rang De : 2%Partner : 3%Social Investor : 4%
Rang De Loans
Loans for Primary & Secondary Education
Loans are facilitated at a rate of 6% 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.
Loans for Job Guaranteed Vocational Education
Loans are facilitated at a rate of 8.5% flat.
Loans are provided to unemployed youth from ruralIndia.
Training and placement is provided by our strategicpartner.
Partner : 4%
Social Investor : 1%
Rang De : 1%
Contingency Fund : 0%
Partner : 5%
Social Investor : 2%
Rang De : 1%
Contingency Fund : 0.5%
Power to choose where the money goes.
Social returns, satisfaction of doing good
Nominal financial returns
Reinvestment option, can revolve fund.
Transparency, repayment and evaluation
reports are published for each borrower
Own account to keep track of social
investments
Social Investor Benefits
Mitesh Tank
Mumbai, India
" I believe in Rang De because it is the onlyviable solution to eradicate poverty fromIndia instilling a sense of self belief inpeople. "
Power to choose where the money goes.
Social returns, satisfaction of doing good
Nominal financial returns
Reinvestment option, can revolve fund.
Transparency, repayment and evaluation
reports are published for borrowers
Own account to keep track of social
investments
Ability to involve employees of the
corporate
Corporate Social Investors
Latest Statistics
Borrowers Impacted 4983
Social Investors 2082
Corporate Social Investors 8
Loans raised Rs. 2.65 Crores
Loans repaid Rs. 1.36 Crores
As on 18th October 2010
For more details please contact us at
RangDe.OrgVeekay ManorFlat No 14, 3rd FloorNo.8, Gopalkrishna RoadT NagarChennai 600 017
Phone No. : (044) 42121919Mobile No. : 99403 97432 (Srihari Maneru, Vice President – Strategy and Partnerships)
E-mail: [email protected]
Thank You