RangDe | Microcredit | P2P
Lighting Up India with RangDe.org
Rang De is a social enterprise started by Ram and Smita.
Rang De supports rural entrepreneurs with cost effective microcredit for business and education. Through an online portal, Rang De enables individuals to become social investors and lend small sums of money to borrowers from low income households listed on the website. The social investors get back their money with a nominal financial return and a tangible social return.
Mani Chohan is a great example of a Rang De Entrepreneur. In Jhabua, Madhya Pradesh, this 45-year-old lady has been involved in bamboo craft work for seven years. While her husband and one of their sons are working as daily labors, her other son and daughter are pursuing their studies in 12th standard. She applied for a loan of Rs. 8,000 to purchase bamboo and other decoration items for her business. Thanks to social investors’ commitment, on last Thursday, 17th October 2012 the full amount of the loan was collected in less than 24 hours! As a result, Mani Chohan will be able to improve the quality of her products for her customers and she will increase her profit margin.
Mani Chohan can now hope to escape poverty and gain financial independence. And she should not be the only one to fulfill her dream.
Thanks to more than 4,000 social investors, Rang De has been helping people to overcome poverty. You too can support this movement by becoming a social investor and invest as little as Rs 100!
Diwali is just around the corner and in the true spirit of Diwali, Rang De has decided to light up the lives of many rural entrepreneurs. You can read more about the initiative here
Join Rang De’s initiative to Light Up India this Diwali. For more information on how you can get involved in Lighting Up India with Rang De, please get in touch with email@example.com or firstname.lastname@example.org.