www.rangde.org
Share the colours of joy
.
About 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.
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.
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 nonprofit 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
Place
Loan availed
Disbursed on
Business
Loan status
: Sabita Upadhyay
: Puri, Orissa
: Rs.5,000
: 25.08.2009
: Coconut sales
: 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
Place
Loan availed
Disbursed on
Business
Loan status
: Kanakama Redi
: Puri, Orissa
: Rs.5,000
: 21 Feb 2009
: Vegetable vendor
: 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.
Rang De Entrepreneurs
Name
Place
Loan availed
Disbursed on
Business
Loan status
: Kabita Khatua
: Kendrapara, Orissa
: Rs.4,000
: 8 July 2009
: Fishing
: 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
Name
Place
Loan availed
Disbursed on
Business
Loan status
: Baban Jena
: Kendrapara, Orissa
: Rs.4,000
: 4 May 2009
: Bamboo basket weaving
: 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
Place
Loan availed
Disbursed on
Business
Loan status
: Sebati Jena
: Kendrapara, Orissa
: Rs. 2,000
: 20 Nov 2009
: Bamboo basket weaving
: 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.
Rang De Entrepreneurs
Name
Place
Loan availed
Disbursed on
Business
Loan status
: Kamala Das
: Kendrapara, Orissa
: Rs.1,000
: 20 Nov 2009
: Bamboo basket weaving
: 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
demands.
these
constant
business
Rang De Loans
Loans for Businesses
These loans are facilitated at a rate of 8.5% flat.
Partner : 5%
Loans are for income generation activities.
Around 150 different activities funded so far.
Social Investor : 2%
Rang De : 1%
Contingency Fund : 0.5%
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%
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.
Partner : 4%
Social Investor : 0%
Rang De : 1%
Contingency Fund : 0%
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
Partner : 5%
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.
Social Investor : 2%
Rang De : 1%
Contingency Fund : 0.5%
Social Investor Benefits
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
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. "
Corporate Social Investors
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
Latest Statistics
Borrowers Impacted
10,127
Social Investors
2,906
Corporate Social Investors
9
Loans raised
Rs. 5,38,67,100
Loans repaid
Rs. 3,37,88,672
As on 6rh September 2011
Thank You
For more details please contact us at
RangDe.Org
Veekay Manor
Flat No 14, 3rd Floor
No.8, Gopalkrishna Road
T Nagar
Chennai 600 017
Phone No. : (044) 42121919
Mobile No. : 97909 67649 (Ram N K, CEO of Rang De)
E-mail: info@rangde.org