Download - Overview_About_RangDe
www.rangde.org Share the colours of joy
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Rang De connects Indians across the world to a consumer of microcredit.
RangDe.Org
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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'
VISION
To 'Make Poverty History in India'
MISSION
To enable individuals in India and the world to connect with low income households by participating in microcredit in a holistic and sustainable manner through an online platform that is transparent and accountable.
MISSION
To enable individuals in India and the world to connect with low income households by participating in microcredit in a holistic and sustainable manner through an online platform that is transparent and accountable.
RangDe.Org
The RangDe borrowers are involved in businesses ranging from eateries, tea shops, traditional handicrafts to livestock rearing.
These individuals are unable to avail credit from banks and financial institutions for lack of credit history & collateral and end up at the doors of money lenders.
RangDe provides them an alternative and helps them get on their feet.
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 InvestmentsAny 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 Microfinance Institutions (MFIs), having strong presence in the community.
The partners are taken on board after a thorough due diligence process.
Due diligence process involves review of financial and other records followed by a field visit by Rang De staff.
Rang De partners act as disbursement and collection agents and cannot levy charges other than prescribed by Rang De and agreed as per the agreement.
Currently, Rang De has 18 Field Partners with operations 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 : 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%
Partner : 5%
Social Investor : 2%
Rang De : 1%
Contingency Fund : 0.5%
Contingency Fund : 1%Rang De : 2%Partner : 3%Social Investor : 4%
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 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.
Loans for Job Guaranteed Vocational Education
Loans are facilitated at a rate of 8.5% flat.
Loans are provided to unemployed youth from rural India.
Training and placement is provided by our strategic partner.
Partner : 4%
Social Investor : 0%
Rang De : 1%
Contingency Fund : 0%
Partner : 4%
Social Investor : 0%
Rang De : 1%
Contingency Fund : 0%
Partner : 5%
Social Investor : 2%
Rang De : 1%
Contingency Fund : 0.5%
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 only viable solution to eradicate poverty from India instilling a sense of self belief in people. "
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 ImpactedBorrowers Impacted 41134113
Social InvestorsSocial Investors 17481748
Corporate Social InvestorsCorporate Social Investors 55
Loans raisedLoans raised Rs. 2.11 CroresRs. 2.11 Crores
Loans repaidLoans repaid Rs. 1.14 CroresRs. 1.14 Crores
As on 16th August 2010
Economic Times 27th June 2010 “Rang De : India’s first online platform for micro-credit”
Hindustan Times 2nd Feb 2010“Become a lender”
DNA 27th December 2009“Giving is Cool”
Livemint.com 13th October 2009 “P2P lending companies briong funds to the poor”
RangDe in the News
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. : 97909 67649 (Ram N K, CEO of Rang De)
E-mail: [email protected]
Thank You