Rang De - Knocking out poverty in india!

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Knocking out poverty in India! . www.rangde.or g

description

Rang De facilitates small loans for Indians who do not have access to credit. You can lend from Rs. 100 onwards on http://www.rangde.org/ to micro-entrepreneurs identified by our partners across India. Join us to make poverty history in India!

Transcript of Rang De - Knocking out poverty in india!

Page 1: Rang De - Knocking out poverty in india!

Knocking out poverty in India!

.www.rangde.org

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Rang De is a non-profit web-based social initiative with a mission to

provide cost effective microcredit to low income households in India.

About Rang De

VISION

'Make Poverty History in India'

VISION

'Make Poverty History in India'

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The Idea of Rang De

Ideation – December 2006

Official launch - January 26th 2008

Seed capital – 6000 GBP

Goal - To leverage the internet to raise social capital for low cost microcredit

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Rang De Model

Rang De interest rates vary from 5% - 10% flat p.a. (9% - 18% APR)

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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.

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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

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Rang De Field Partners

25 Field Partners

13 states

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Corporate Social Investors

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Technology Partners

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Rang De Brand Ambassadors

Waheeda RehmanActor and Social Activist

Nagesh KukunoorActor and Director

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Rang De In Media

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Thank You

Join us atwww.rangde.org

www.facebook.com/rangdeorgwww.twitter.com/rangde