Influence change from where you are
Refer a borrower and make social investing work for the people who work for you.
Change is coming to those near you.
And you’re the one bringing it.
Through the Influencer Project, you can refer someone you know closely, to receive a formal loan through Rang De, and help them build a credit history. It’s an opportunity for you to leverage your influence in order to make real change in the life of someone you know.
Who can you refer?
Anyone you know, trust and interact with regularly. This could be your domestic worker, driver, cook, dog walker, anyone you can vouch for, who is also financially excluded.
A lot of people already give informal loans to people they know closely. By giving out these loans through Rang De, you are now transforming an act of generosity into an act of longer-term financial inclusion.
Once their first loan is repaid successfully, your referred borrowers will have access to Rang De’s platform for any credit needs in the future.
You are helping them build a credit history, and hence enabling them to access credit more easily from other financial institutions too.
Repayments are automated and this system is more convenient for you than informal lending.
How does it work?
You submit a referral request sharing information about who this person is and their credit requirements.
We run this application through our due diligence process and approve the loan request.
You then confirm the loan and activate their profile on Rang De by being the first person to invest in them.
Once the loan is completely raised, we disburse the loan straight into their bank account.
Frequently asked Questions
Who can become an influencer?Anyone can become an influencer. That’s the power of this project. As long as you know someone you want to support and can trust, and are committed to helping them through this journey, you can become an influencer.
What will be required of me as an influencer?Once the loan application is approved, you are required to invest a minimum of 20% of the loan amount. We will also need your support with helping your referred borrower set up their automated repayments.
What loan purposes will be supported?The platform will support education loans, livelihood loans and loans to meet big expenses – like marriage expenses, health expenses and repayments of old debts. We are constantly expanding the loan purposes we can support.
How will this loan be funded?You will be provided with tools to influence your network of friends and family and draw them into this journey of making an impact. You can also choose to fund the loan yourself.
What are the interest rates on these loans?As an influencer, you will get to set the interest rate that your referred borrower pays for their loan. You can choose a rate between 0% to 10% (18% APR).
What loan amounts will be supported?In the pilot phase, we will support loans up to Rs.2,50,000. The amount approved will be determined on a case by case basis.
For any queries or support
Call us at +91 9876543210
Email us at [email protected]
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