Rang De - Knocking out poverty in india!
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Transcript of Rang De - Knocking out poverty in india!
Knocking out poverty in India!
.www.rangde.org
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'
.
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
Rang De Model
Rang De interest rates vary from 5% - 10% flat p.a. (9% - 18% APR)
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 : 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
Rang De Field Partners
25 Field Partners
13 states
Corporate Social Investors
Technology Partners
Rang De Brand Ambassadors
Waheeda RehmanActor and Social Activist
Nagesh KukunoorActor and Director
Rang De In Media
Thank You
Join us atwww.rangde.org
www.facebook.com/rangdeorgwww.twitter.com/rangde