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Rang De

Rang De

Rang De is a non-profit P2P lending portal committed to fighting poverty by providing access to affordable micro-loans to underserved communities in India

Founded: 2008 by Smita Ram, Ramakrishna NK

Rang De
  • Program Area

    Education, Poverty Alleviation & Economic Development
  • Location of Impact

    India
  • Headquarters Location

    Bangalore, India
  • Product Platforms

    Web, Open Source
  • Budget

    $0 to $500,000
  • Founder Demographics

    Female, Racial or Ethnicity Minority

Founded in 2008, Rang De is India's oldest crowdsourced micro-lending portal that connects the haves and the have-nots. Individuals who want to make a difference provide working capital to pre-selected rural individuals hovering at or near the poverty line. Given their philanthropic nature, our lenders are happy with low returns on their investment allowing these low-income individuals to get access to loans that are affordable with the interest rates being the lowest in the country. In this manner, a community of 10,000+ lenders have pooled together US$740,000 worth of funds to benefit 52,000 families across 17 states of India. With the majority of beneficiaries being rural women (many are first-time borrowers), we help them access financial credit in a way that works for them.

Funders and Awards

Awards: Bihar Innovation Forum Award, World Bank Development Marketplace (DM), Millennium Alliance Award, Manthan South Asia Award; Funders: Tata Trusts, The World Bank, Millennium Alliance, ICICI Foundation for Inclusive Growth, National Bank for Agriculture and Rural Development (NABARD), Trafigura Foundation