Have you ever thought a few clicks can change lives? Would you like to know how you can help your countrymen combat poverty, sitting at home? Two minutes of your time can inspire you to engage in community investing.
A not-for-profit organization ‘Rang De’ is providing access to affordable micro loans to underserved communities in India through a network of committed field partners and social investors. You can just visit their website www.rangde.org , select your borrower, and invest as little as 100 rupees in education or small businesses. The borrower would return the money with interest. Almost ten years ago the idea of Rang De came up with the motivation that advocates peer-to-peer lending model could be leveraged to lower the cost of microcredit.
Rangde.org went live on 26 January 2008. Since then Rang De is offering microcredit that has a positive impact on business, education, health and environment of the communities across the country. The Co-founder and CEO at Rang De, Mr. Ramakrishna N K, was chosen for the Ashoka Fellowship in February 2012. Here’s what Keya Gupta from New Delhi, a junior social investor since 15th August 2010, has to say about the initiative, “I believe in Rang De because I like to help poor people send their children to school. I am 7 years old & like to share my pocket money.”
Rang De has received support from bodies like the World Bank, Tata Trust, Millennium Alliance, NABARD, ICICI Foundation. Till now it has disbursed 47,532 loans and 9,392 social investors have joined the initiative. Known personalities like Nagesh Kukunoor and Raghu Dixit are brand ambassadors of Rang De. Veteran actress Waheeda Rehman came to know about Rang De in a newspaper and got in touch to support it. Rang De often organizes field trips which is a good opportunity for you to know the borrowers and their lives, the harsh reality of our country as well as success stories to inspire you. Rang De has a support network of field partners who receive and disburse loans. It gets a nominal cut of 2% on all the loans repaid by the borrowers.
A quick check on Rang De
9,392 SOCIAL INVESTORS
47,532 LOANS DISBURSED
Rs.430.5M SOCIAL INVESTMENTS RAISED
Rs.311.2M SOCIAL INVESTMENTS REPAID
93.21% WOMEN BORROWERS
2,511 EDUCATION LOANS
17 STATES COVERED
9-18% APR INTEREST RATE CHARGED
99.83% REPAYMENT RATE
520 DIFFERENT OCCUPATIONS
Empowering others to contribute towards India’s fight against poverty is easy with Rang De Gift Card. The recipient will get the gift code in their email or printed gift card which can be used to lend to rural entrepreneurs or students in India. Once the borrowers repay the loan, the amount will be added to the recipient’s Rang De account. They can then withdraw the amount or use it to invest in other borrowers.
So have a break, make your noodles and check Rang De to become a comrade towards India’s development. It will hardly take 4 minutes i.e., two minutes to prepare the noodles and another two minutes to click and take action.
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