rang de

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a online microfinance platform

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Page 1: Rang De

www.rangde.org Share the colours of joy

.

Page 2: Rang De

.

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.

Page 3: Rang De

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.

Page 4: Rang De

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.

Page 5: Rang De

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.

Page 6: Rang De

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.

Page 7: Rang De

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.

Page 8: Rang De

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

Page 9: Rang De

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.

Page 10: Rang De

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.

Page 11: Rang De

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

Page 12: Rang De

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%

Page 13: Rang De

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%

Page 14: Rang De

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. "

Page 15: Rang De

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

Page 16: Rang De

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

Page 17: Rang De

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