Rang De is a nonprofit organization that provides microcredit to low-income households in India through an online platform. Its mission is to leverage the internet to raise social capital for low-cost microcredit loans ranging from 5-10% annual interest. The organization works with field partners across 13 states and has disbursed loans to entrepreneurs like a vegetable vendor and fisherman to help grow their small businesses and alleviate poverty.
2. 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'
3.
4. Rang De Model Rang De interest rates vary from 5% - 10% flat p.a. (9% - 18% APR)
5. 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.
6. Name : Kabita Khatua Place : Kendrapara, Orissa Loan availed : Rs.4,000 Disbursed on : 8 July 2009 Business : Fishing Loan 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