Overview_About_RangDe

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Overview_About_RangDe

  1. 1. www .rangde . org Share the colours of joy .
  2. 2. Rang De connects Indians across the world to a consumer of microcredit. RangDe. Org
  3. 3. . 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 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.
  4. 4. RangDe. Org <ul><li>The RangDe borrowers are involved in businesses ranging from </li></ul><ul><li>eateries, tea shops, traditional handicrafts to livestock rearing. </li></ul><ul><li>These individuals are unable to avail credit from banks and financial </li></ul><ul><li>institutions for lack of credit history & collateral and end up at the </li></ul><ul><li>doors of money lenders. </li></ul><ul><li>RangDe provides them an alternative and helps them get on their </li></ul><ul><li>feet. </li></ul>
  5. 5. How Rang De Works <ul><li>RangDe.Org partners with MFIs & NGOs to identify borrowers. </li></ul><ul><li>The partner organization posts the profile of the borrowers on the website. </li></ul><ul><li>Any investor can access online the profiles of the borrowers for the required loan. </li></ul><ul><li>The investor can pay either a part or the entire loan amount to the borrower. </li></ul><ul><li>When the entire loan amount is raised, the partner receives the money and disburses it to the borrower. </li></ul>
  6. 6. 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.
  7. 7. Rang De Partners <ul><li>Rang De partners are grass root level non-profit organisations (NPOs) and Microfinance Institutions (MFIs) , having strong presence in the community. </li></ul><ul><li>The partners are taken on board after a thorough due diligence process . </li></ul><ul><li>Due diligence process involves review of financial and other records followed by a field visit by Rang De staff. </li></ul><ul><li>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. </li></ul><ul><li>Currently, Rang De has 18 Field Partners with operations in 10 states. </li></ul>
  8. 8. Rang De Entrepreneurs Name : Sabita Upadhyay Place : Puri, Orissa Loan availed : Rs.5,000 Disbursed on : 25.08.2009 Business : Coconut sales Loan 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.
  9. 9. Rang De Entrepreneurs Name : Kanakama Redi Place : Puri, Orissa Loan availed : Rs.5,000 Disbursed on : 21 Feb 2009 Business : Vegetable vendor Loan 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.
  10. 10. Name : Kamala Das Place : Kendrapara, Orissa Loan availed : Rs.1,000 Disbursed on : 20 Nov 2009 Business : Bamboo basket weaving Loan 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
  11. 11. Rang De Loans <ul><li>Loans for Businesses </li></ul><ul><li>These loans are facilitated at a rate of 8.5% flat . </li></ul><ul><li>Loans are for income generation activities . </li></ul><ul><li>Around 150 different activities funded so far. </li></ul><ul><li>Micro Enterprise Loans </li></ul><ul><li>These loans will be facilitated at a rate of 10% flat . </li></ul><ul><li>Loans will be facilitated for small businesses . </li></ul><ul><li>Loan size in excess of Rs.25,000 </li></ul>Partner : 5% Social Investor : 2% Rang De : 1% Contingency Fund : 0.5% Contingency Fund : 1% Rang De : 2% Partner : 3% Social Investor : 4%
  12. 12. Rang De Loans <ul><li>Loans for Primary & Secondary Education </li></ul><ul><li>Loans are facilitated at a rate of 5% flat . </li></ul><ul><li>Loans are facilitated to fund school fees, stationery, uniform and other expenses. </li></ul><ul><li>Loans are facilitated in the form of Education Vouchers . </li></ul><ul><li>Schools accept education vouchers in lieu of fees, uniforms and other expenses. </li></ul><ul><li>Loans for Job Guaranteed Vocational Education </li></ul><ul><li>Loans are facilitated at a rate of 8.5% flat . </li></ul><ul><li>Loans are provided to unemployed youth from rural India . </li></ul><ul><li>Training and placement is provided by our strategic partner. </li></ul>Partner : 4% Social Investor : 0% Rang De : 1% Contingency Fund : 0% Partner : 5% Social Investor : 2% Rang De : 1% Contingency Fund : 0.5%
  13. 13. <ul><li>Power to choose where the money goes. </li></ul><ul><li>Social returns, satisfaction of doing good </li></ul><ul><li>Nominal financial returns </li></ul><ul><li>Reinvestment option, can revolve fund. </li></ul><ul><li>Transparency, repayment and evaluation reports are published for each borrower </li></ul><ul><li>Own account to keep track of social investments </li></ul>Social Investor Benefits Mitesh Tank Mumbai, India &quot; 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. &quot;
  14. 14. <ul><li>Power to choose where the money goes. </li></ul><ul><li>Social returns, satisfaction of doing good </li></ul><ul><li>Nominal financial returns </li></ul><ul><li>Reinvestment option, can revolve fund. </li></ul><ul><li>Transparency, repayment and evaluation reports are published for borrowers </li></ul><ul><li>Own account to keep track of social investments </li></ul><ul><li>Ability to involve employees of the corporate </li></ul>Corporate Social Investors
  15. 15. Latest Statistics As on 16th August 2010 Borrowers Impacted 4113 Social Investors 1748 Corporate Social Investors 5 Loans raised Rs. 2.11 Crores Loans repaid Rs. 1.14 Crores
  16. 16. <ul><li>Economic Times 27 th June 2010 </li></ul><ul><li>“ Rang De : India’s first online platform for micro-credit” </li></ul><ul><li>Hindustan Times 2 nd Feb 2010 </li></ul><ul><li>“ Become a lender” </li></ul><ul><li>DNA 27 th December 2009 </li></ul><ul><li>“ Giving is Cool” </li></ul><ul><li>Livemint.com 13 th October 2009 </li></ul><ul><li>“ P2P lending companies briong funds to the poor” </li></ul>RangDe in the News
  17. 17. 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 Thank You

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