RangDe.in is a social peer-to-peer lending platform that enables you to invest in entrepreneurs from low-income communities and accelerate financial inclusion in India.
In 2008, we were two people with an improbable idea. We truly believed that India could become a developed nation in our lifetime and that our idea of Rang De could help us get there.
Along the journey, we discovered there were many more, in fact, 15,000 of us who believed that this was possible. Together we know - our little will go a long way. We are Rang De!
We realised a lot had to be changed in the way credit was being delivered to the poor.
We started questioning the unfairness in the credit industry for the poor. Back then, the poor paid interest rates of 45% annual percentage rate (APR) and more. And these were not even loans from money lenders. We saw credit as that financial opportunity that could help people overcome poverty. A big step to help India become a developed country.
But soon, we realised a lot had to be changed in the way credit was being delivered to the poor.
It was not enough for the poor to just get access to cheap credit but it had to be a social revolution along the way. It was about access, choice, dignity, confidence, inclusion. Some people told us we were reinventing the wheel, but we knew the wheel had to be changed altogether.
We busted the myth that poor people don’t pay back loans
We boosted over 60,000 women in the workforce with access to credit
We created an active community of 15,000 social investors
We disbursed over Rs.80 crores in low-cost loans across 18 states
We lowered interest rates and amplified the impact of credit
We see credit as that financial opportunity that could help people overcome poverty. A big step to help India become a developed country. However, what we think, believe and do, makes for just one part of the story. Rang De is just the platform, our social investors, are the true changemakers. And if this community of 15,000 becomes a movement of 1.5 million - then we are getting closer to solving the problem.
Join Rang De's community of social investors, invest any amount of your choice and see the impact you are able to create.
