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Rang De


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Rang De

  1. 1. www .rangde . org Because every Indian matters. .
  2. 2. . 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 microlending platform called, Rang De enables individuals to participate in microcredit by lending as little as Rs. 100. Since January 2008, Rang De has reached out to over 2500 entrepreneurs across 8 states by lending Rs. 9 million. Rang De currently funds business and education loans. Rang De is a registered non-profit trust and is head quartered at Chennai. The organization is funded and supported by the CSO Partners initiative of the ICICI Foundation. The Rang De Story
  3. 3. 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>
  4. 5. Impact As on 27.03.10 Borrowers Impacted 2747 Social Investors 1189 Corporate Social Investors 5 Social Investments Raised Rs. 1,40,35,200 Social Investments Repaid Rs. 70,56,217 Repayment Rate 99%
  5. 6. Partner Presence 10 States -15 Partners State Partner Orissa <ul><li>Gram Utthan, Kendrapara </li></ul><ul><li>Pragati, Puri </li></ul>Madhya Pradesh Sambhav, Gwalior West Bengal SVWSS Rajasthan Udyogini, Bikaner Uttar Pradesh BMSKSS, Deoriah Karnataka <ul><li>GMASS, Bidar </li></ul><ul><li>Karuna Trust, Mysore </li></ul>Andhra Pradesh <ul><li>Roshan Vikas, Hyderabad </li></ul><ul><li>Hope, Kurnool </li></ul>Kerala Hope Foundation, Palakkad Tamilnadu <ul><li>ASSCOD, Vandavasi </li></ul><ul><li>New Life, Trichy </li></ul>Maharashtra <ul><li>CBMD, Nagpur </li></ul><ul><li>SAGRAS, Yavatmal </li></ul>
  6. 7. Rang De Products <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>Loans for 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>Partner : 5% Social Investor : 2% Rang De : 1% Contingency Fund : 0.5% Partner : 4% Social Investor : 0% Rang De : 1% Contingency Fund : 0%
  7. 8. Rang De Products <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>Contingency Fund : 1% Rang De : 2% Partner : 3% Social Investor : 4%
  8. 9. Stories of Hope Name : Nita Anil Jamadagne Occupation: Beauty Parlor, Maharashtra Borrower Since: 26 Jan 2008 Nita is convinced that every woman can look beautiful. It is this conviction that made her commute long distances to complete her beauty therapy course in Nagpur city. Four years ago Nita set up her own beauty parlour in Pardi, Nagpur.  Although her monthly earnings have been a modest Rs800, she trains young girls from the slum areas to help them become independent. Her goal is to widen her customer base and thereby earn more.  “And in the process I can help even more women in my area.” says Nita.
  9. 10. Name : Kalpana Bera Occupation: Goat Rearing, Orissa Amount Borrowed: Rs.1000 Kalpana is just short of Rs 1000 to buy another goat for her business. For the last 8 years she has shouldered family burdens and contributed financially by rearing sheep and goats. Kalpana spent wisely and managed to save some money for the purchase and a loan to make up for the balance will help her expand business besides boosting her confidence. Stories of Hope
  10. 11. Name : Purnimarani Bhuyan Occupation: Selling Fish, Orissa Amount Borrowed: Rs.2000 Purnima earns at least Rs 3000 every month by selling fish. Her business is sure to do better with more fishing nets and by making wholesale purchase of small fish all of which requires additional capital investment. Shortage of funds has thwarted Purnima’s business plans and she needs a loan to bring in funds and improve her trade. Stories of Hope
  11. 12. For more details please contact us at info@ rangde . org Thank You